Bitcoin saw a sharp decline of 6.5% as volatility in the market continues following President Trump’s executive order to establish a strategic Bitcoin reserve for the United States. The decline came after investors reacted to the reserve announcement, which stated that the government would use seized BTC in criminal cases to fund the reserve, without directly purchasing additional BTC. Despite some disappointment from investors, analysts remain optimistic about the long-term impact of the reserve and believe it could increase the likelihood of BTC becoming a significant currency or asset in the future. Chief investment officer at Bitwise Asset Management, Matt Hougan, predicts that such moves could increase the price of BTC to $1 million per coin.



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