Reports have indicated that a cryptocurrency trader made profits exceeding $1.6 million by taking a highly leveraged long position of 50 times on Bitcoin (BTC) and Ethereum (ETH) before President Donald Trump announced the proposed strategic reserve for cryptocurrencies in the United States on March 2, 2025. A high-risk bet pays off: the trader earns $1.6 million on Bitcoin and Ethereum after Trump's political announcement,
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