Bitcoin crashes to $65K as government backs it — buy the panic dip
Bitcoin just suffered a massive crash that wiped out billions of dollars from the market. However, the U.S. Treasury Secretary just announced the government is moving forward with plans to create a strategic Bitcoin reserve.
Idea
The crypto market is currently恐慌 (panicking) due to a severe crash, forcing many traders to sell their holdings automatically. But the U.S. government officially confirming it is buying Bitcoin for a national reserve provides an incredible long-term boost. When an asset drops this fast on pure panic while fundamental government demand is building, it often bounces back hard once the initial shock wears off. Buying near this panic low offers a chance to ride the eventual rebound as institutional and government buying steps in.