💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
#TrumpSignsBitcoinReserve#
On March 6, 2025, President Donald Trump signed an executive order establishing a strategic Bitcoin reserve, utilizing approximately 200,000 seized bitcoins. This initiative aims to position the United States as a leader in the cryptocurrency space, with the reserve serving as a permanent store of value.
Contrary to expectations of a market rally, Bitcoin's price experienced a decline following the announcement, trading lower at $88,266. This reaction may be attributed to traders seizing the opportunity to realize profits, a common occurrence when significant news prompts swift price movements.
The establishment of a Bitcoin reserve by a major economy underscores the growing recognition of cryptocurrencies' strategic importance. Such a move could enhance institutional legitimacy and potentially pave the way for broader adoption. While the immediate market response was a downturn, the long-term impact on Bitcoin's value remains a subject of discussion among investors and analysts.
#TrumpSignsBitcoinReserve#