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Government pledges to stockpile Bitcoin after the crash — buy the crypto dip

Despite a recent crash in crypto prices, the US Treasury Secretary just announced the government is moving forward with plans to create a strategic Bitcoin reserve.

Idea

Bitcoin recently crashed to $65,000, wiping out billions of dollars from the market in a sudden panic. However, the US government announcing official plans to stockpile Bitcoin provides a massive long-term confidence boost for the asset. When a major government signals it intends to treat an asset as a strategic reserve, it historically establishes a strong price floor after the initial panic selling subsides. This makes the current drop an opportunistic dip to buy into before institutional buying picks back up.

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BTCBTC-H4#crypto#macro#dip_buy

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