Government backing Bitcoin after a huge crash — buy the dip
The U.S. Treasury Department just announced it is moving forward with plans to create a government stockpile of Bitcoin. This is happening right after Bitcoin's price dropped sharply to $65,000, wiping out billions of dollars from leveraged traders who were forced to sell.
Idea
When leveraged traders are forced to sell in a panic, it often creates a short-term bottom where prices bounce back. The U.S. government announcing plans to buy Bitcoin as a reserve asset is a massive vote of confidence that could drive big institutional money into the market. Buying the dip after a crash while the government signals long-term support gives you a strong tailwind. History shows that major government adoption news tends to overwhelm short-term fear within a few weeks.