US President Donald Trump’s Bitcoin reserve plan fell short of hopes and barely met expectations, analysts said.
Bitcoin’s volatility reached new highs and futures prices recoiled after US President Donald Trump’s order to create a strategic Bitcoin reserve for the United States drew ambivalent reactions from traders, market data shows.
Experts said the market’s response indicates disappointment among traders who hoped for a more aggressive plan to buy Bitcoin (BTC) with federal funds and uncertainty about the longer-term impacts of Trump’s announcement.
“The executive order did not meet market expectations because it failed to announce any new purchases, which many had hoped for,” said Theodore Agranat, Gunzilla Games’ director of Web3.
