Good evening, brothers. The market fluctuations are not significant today on this weekend. For Bitcoin, we only need to pay attention to the previous 4-hour level high of 116060 and low of 115060. For Ethereum, we just need to focus on the high of 4505 and low of 4435. If the highs and lows are not broken, then we shouldn't expect a major direction. The smaller levels continue to bounce up and down like this. However, please note that tonight is Sunday, so be careful of a big wave coming for the brothers tonight or during the night!
The U.S. discussion on BTC strategic reserves is an important initiative in the cryptocurrency field in recent years, aimed at consolidating its financial dominance. Below is an introduction to the relevant situation:
Background and Reasons
In recent years, the dominant position of the U.S. dollar in the global monetary system has declined. As of the third quarter of 2024, the dollar's share of global official reserves has dropped to 57.3%, the lowest level in nearly 30 years since 1995. The United States hopes to establish BTC strategic reserves to lead the global stablecoin and cryptocurrency market development, reinforcing the dollar's position in the global monetary system.
Relevant Policies and Bills
- Executive Order: On March 6, 2025, U.S. President Trump signed an executive order announcing the establishment of a 'Strategic Bitcoin Reserve' and a 'Digital Asset Reserve', incorporating approximately 200,000 bitcoins confiscated through judicial procedures and administrative fines into the reserves, and exploring strategies to increase bitcoin holdings through budget-neutral approaches. - Bitcoin Strategic Reserve Bill: U.S. Senator Cynthia Lummis plans to submit the Bitcoin Strategic Reserve Bill to Congress again, proposing that the U.S. government purchase up to 1 million bitcoins within five years, accounting for about 5% of the total bitcoin circulation. This portion of bitcoin will be controlled by the U.S. Treasury and stored in protected decentralized vaults across the country.
Perspectives
Supporters view it as an innovative measure to reinforce U.S. dollar hegemony, such as Senator Marsha Blackburn, who believes that the U.S. leadership in the bitcoin space is likely to spark a new trend globally. Opponents question it as a 'cryptocurrency scam', while some are concerned that the massive expenditure risks of purchasing bitcoin may be significant, and the long-term holding requirements for bitcoin may differ from the government's profit-seeking stance.
Impact and Significance
The implementation of the U.S. 'Strategic Bitcoin Reserve', coupled with its cryptocurrency regulatory policy returning to the main line of 'supporting innovative development', will promote the dual circulation of the dollar in the real world and the crypto market, further strengthening the international status of the dollar and bringing systemic changes to the global financial system. #美国讨论BTC战略储备
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