#TradingAnalysis101 *đȘ Crypto Summit In the White Houseđșđž Key Takeaways*
On March 7, the White House held its first Crypto Summit to discuss the Trump administrationâs plan to roll back Biden-era regulations. But not everyone was impressed.
Bitcoin dropped 3% on Friday, ending the week down 7% at $87,000.
So, what happened? Letâs find out.
*đ° The U.S. Is Creating a "Bitcoin Reserve"⊠Kind Of*
The biggest headline was the U.S. Bitcoin Strategic Reserve.
But... wait for it... it only includes BTC seized by law enforcement. No new purchases, no clear timeline. In short, the government isnât buying Bitcoin â yet.
Altcoins like Ethereum and XRP have their own âDigital Asset Stockpile,â but again, only seized assets. Many in crypto saw this as a half-measure.
*đ Investors Wanted More â And Markets Felt It*
Crypto Twitter was buzzing with frustration. Investors wanted the administration to actively invest in crypto, not just reorganize what it already had. As one investor put it:
> Not selling is not a win. Studying concepts is not a win. We asked for too little.
Even Trumpâs meme coin, launched before his inauguration, has seen a massive drop in value. Irony, much?đ€š
*đŠ The âDigital Fort Knoxâ Vision*
White House officials compared the new crypto reserves to a âDigital Fort Knox,â saying holding onto seized Bitcoin would benefit taxpayers. Itâs a step forward, but not the bold move investors expected.
And that rumor about tax-free crypto gains? Not happening.
*đ Bottom Line*
Trump promised to make the U.S. âthe crypto capital of the world,â but so far, itâs all talk. The summit showed progress, but without real action, itâs just politics as usual.
*đą The debate isnât over â SPREAD the news.*