Trump's Strategic Crypto Reserve is a Positive, Market Has Got it Wrong, Bitwise Says

Description

U.S. President Trump's announcement last weekend about the formation of a strategic crypto reserve in the U.S. is bullish despite the market's subsequent reaction, asset manager Bitwise said in a research report Tuesday. Crypto markets soared following the news, but by Monday had given back all these gains. Bitwise noted that investors became disgruntled with the announcement because the planned reserve will hold tokens other than just bitcoin (BTC). The President announced that XRP, solana (SOL...