-
The BTC act, as widely discussed and speculated on as it is, must already be considered to be priced in, and either the failure to pass the act, or the failure to follow through and actually create a ‘strategic BTC reserve’ (because why?…and because US could only fund such a strategy through even more debt) might prove to be the catalyst for the rugpull umder the current price. Politicians obviously say a lot of things to get elected, and this notional strategy might be more “vibes” than coherence
Unless lobbyist billionaire techbros manage to get the BTC Act passed. Conceivably, which would likely boost demand in the shirt term, but could conceivably be a precursor to the techbrogovernment adopting it as some sort of reserve asset, and giving it some actual value beyond buying weed and speculative hodling.