Disclosure: The ideas and opinions expressed here are only for the author and do not represent the ideas and ideas of the editorial of Crypto.
During his campaign, the promises of President Donald Trump’s Bitcoin (BTC) and Crypto were more widely made the promises to make the foundation stone of the American economy. Crypto Markets rally after Trump was elected President in November, and BTC broke $ 100K as he continued the rapid statement and began making Crypto-and Tech-friendly cabinet appointments.
But now when his first crypto as President is in Trump’s office, the markets are being met with very little response. Why? Well, a quick answer will see you all that it is all “price-in”. But I think the story is a bit more fine. When it comes to two of the most recent steps from Trump since it took over, the market reaction explains one thing: less talk has come for more specific and solid tasks.
Executive Order: Unclear language meets unrealistic expectations
In the first few days of Trump as President, in the crowd of executive orders coming out of the White House, standing out for a crypto industry – executive Order “To establish regulator clarity for digital financial technology.” The EO establishes the creation of a cryptocurrency working group, which will be assigned to make clear rules for Crypto in the US – Quit Dramol, please – discover the idea of a national cryptocurrency stockpile. In addition, the EO discussed StableCoin regulation and protected the right to create and launch software.
A year ago, before Trump went to his enthusiasm for Crypto, these types of developments would surely have sent the markets. It seems, we have all sought, fighting, and dreamed of us all that we have ever sought, fighting. Or at least “searched.” So why silent reaction from crypto markets?
First, as the news broke, Crypto media and market commentator were focused on the “StockPile” part of the Laser-Par-EO. Or rather rather unclear language and in this part on the lack of the word “bitcoin”. In the leading weeks leading to Trump’s inauguration, it is known as strategic bitcoin reserve- or SBR – continuously discussed, major industry figures speak against both and its construction (definitely form with the major spirit From).
But when the EO’s lesson stated that Trump was “creating a work group to evaluate the potential construction and maintenance of a national digital asset stockpile,” this did not clearly stop because some Bengers in the industry clearly expect They were that. There was no “bitcoin” or “strategic reserve” in the EO anywhere.
More enhancing the potential market response, the EO specifies that the potential stockpile in the question can be obtained from cryptocurrency that the government is already the owner, in which there will be no purchase of cryptocurrency, bitcoin or otherwise.
And in spite of how unrealistic it may seem, many crypto market participants were disappointed and somehow unaffected in such ambiguity and uncertainty.
While many people included a completely crypto-centric executive order already signed by the new President, others were more important about what was seen as an opposing sign from Trump-especially his Gave promises of the campaign loudly.
For its share, David Sachs, Trump’s crypto and AI Caesar celebrated the media’s executive order to the media, but the effect was still silent.
Davos – more talk, less walking
On the same day when Crypto EO was signed, Trump spoke at the World Economic Forum in Davos. During his speech, he dropped the word “Crypto”. It was a welcome mention, but once again, it did not actually ignite a market rally. The speech focused on the energy policy – fossil fuel, oil and gas – but failed to give any specific crypto policies. To be specific, Trump said that using America’s oil and gas reserves to make the US a “world capital of Artificial Intelligence and Crypto”. But where are the policies to return it? For markets, it was more – it was not enough to move the markets.
Key takeaway: verbs, not words
Trump’s executive orders and speeches are filled with very good -looking words and comprehensive plans. But in a tight range near $ 100K for several months with bitcoin trading, it seems clear that investors now want to see concrete laws. And it will take time. For all his enthusiasm, Trump’s team must be started transporting the nuances. In addition to saving sab121 – the SEC on the same day when the EO was signed – this has not happened yet. This makes sense, it is still an early day, but it explains why the markets are not very much in response to steps in Washington which seemed immense in previous years.
Looking forward: Can Trump distribute? From the other side of the pond, and for those who advocate the advance of the industry, we are eager to move away from our earlier Sobber Outlook – one who forced the innovation to flee the world in search of innovation regulatory environment Has done
If Trump really wants to turn America into a “Crypto Mahashakti”, the next few months will be important. The market is not looking for more vague promises. This wants action. And now, it is clear that the words are not just enough. The further route should be clear, decisive and support of an industry that has long demanded the stability and clarity required for innovation and prosperity. While uncertainty remains, I remain optimistic that meaningful progress can be made and will be made.
