Standard Chartered Bank Analyst: Trump creating a US national Bitcoin reserve fund is a "low probability event"
Standard Chartered analyst Geoff Kendrick said in an interview with the Financial Times that Trump creating a US national Bitcoin reserve fund is a "low probability event". However, since Trump's election victory, the cryptocurrency market has continued to rise, with Bitcoin prices increasing by more than 15% since November 6th and about 80% within the year. This growth rate surpasses traditional investments such as stocks and gold. Binance CEO Richard Teng believes that Trump's election victory is a "major win for cryptocurrencies", predicting an increase in cryptocurrency mergers and acquisitions during Trump's second presidential term. (cryptoslate)
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