21Shares Chief Strategist: The US strategic encryption reserve process will be longer than the market expected, and the market reaction is overly optimistic.

2025-03-03 05:21:34

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ChainCatcher news, 21Shares strategy chief Eliezer Ndinga wrote that the recent pump in cryptocurrency prices (especially AltCoin) is mainly driven by the discussion of US strategic encryption reserves, but the market reaction may be overly optimistic. He pointed out that establishing a strategic reserve requires congressional approval and involves multiple complex issues: asset allocation ratios, holding periods, holding ratios relative to total supply, market integrity measures, and asset protection mechanisms, etc. Ndinga believes this process will take longer than the market expects, and Trump may use his social media influence to set preliminary conditions for Congress, but the proposal may face multiple revisions and delays, ultimately leading to a cooling of the current market enthusiasm.

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