The cryptocurrency market, particularly Bitcoin (BTC), has been highly volatile due to reactions from investors to rumors and news. The Trump administration's trade war and promises of a strategic Bitcoin reserve have had significant effects on the market. Howard Lutnick, the billionaire Secretary of Commerce, hinted at a major announcement regarding the creation of a strategic cryptocurrency reserve at a digital assets conference hosted by the White House on March 7. Despite a rally in BTC price, there are doubts about the likelihood of a breakthrough, with indications suggesting that individual states would likely lead developments in stockpiling cryptocurrency. BTC's recent fluctuations indicate the potential for explosive value and extraordinary volatility based on the specifics of the announcements and government moves regarding the economy. Holding BTC long-term may be the winning strategy, as history suggests the coin has not plateaued in its current cycle and a new high is expected within a few months.



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