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$BTC Strategic Reserve Is Going Nowhere — Trump's Order Has Been Sitting Dead for a Year
Trump signed the Bitcoin Strategic Reserve executive order over a year ago....
And it has done absolutely nothing everyone went crazy when it was announced. BTC pumped.
CT was calling $200K imminent. influencers were saying America was going to buy millions of BTC and change the game forever here's the reality a year later. the order is still waiting for congressional approval.
blBanks are lobbying against it hard. the same banks that are now building their own crypto custody and trading infrastructure by the way. convenient timing right.
The CLARITY Act is also stalling because banks don't want stablecoin issuers competing with their deposit base. so we have a situation where traditional finance is blocking crypto regulation AND crypto adoption at the government level while quietly building their own infrastructure behind closed doors.
Morgan Stanley is building a native crypto exchange. Citi is building Bitcoin infrastructure. they want the upside without the retail competition I'm not saying BTC goes to zero without a strategic reserve. it doesn't need government validation to be valuable.
But I am saying the narrative that governments rushing to buy BTC was going to moon the price in 2026? that story is dead for now BTC doesn't need Trump to save it. but the people who bought that narrative? they're in that 43% sitting at a loss right now.