Standard Chartered analyst: Trump's creation of a US national Bitcoin reserve fund is a "low probability event"
Geoff Kendrick, an analyst at Standard Chartered Bank, said in an interview with the Financial Times that the creation of the US National Bitcoin Reserve Fund by Trump is a "low probability event". However, since Trump's election, the cryptocurrency market has continued to rise, with Bitcoin prices up more than 15% since November 6th and up about 80% for the year, with growth rates exceeding traditional investments such as stocks and gold. Richard Teng, CEO of Binance, believes that Trump's victory is a "major victory for cryptocurrency" and expects an increase in cryptocurrency mergers and acquisitions during Trump's second term as president.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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