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do you think this was what trump was doing? or do you think he is genuine about his promises?
With regards to the Strategic Bitcoin Reserve, he just signed an EO regarding it so I guess we can say that he's genuine on that part. On the flip side, in order for the government to buy more Bitcoins, they want it to be at the lowest price possible. Of course, nobody wants to buy Bitcoin at the peak, right?
I believe what's happening right now is somewhat connected to Trump, his previous tweet and a possible market manipulation. There's no proof with regards to manipulation, but he's manipulating it indirectly through tariffs, and other geopolitical, and some macro-economic things. I'm not sure though if that's what's happening since I'm not an economist, but that's what I believe is happening.