Viewpoint: Unless the state-level Bitcoin strategic reserve plan in the United States is truly implemented, it will be difficult to see the market rise

Odaily Planet Daily News: Eugene Epstein, Head of Transactions and Structured Products at Moneycorp, said in an interview, "We have experienced cyclical bull markets in cryptocurrency before, but I remember this was the first time the hype really happened at the government level. So far, there have been many comments, but in terms of acceptance, this is still the farthest cryptocurrency has ever gone The United States is already the largest sovereign holder of Bitcoin, mainly through judicial seizures. According to Bitbo's data, the country holds over 200000 bitcoins, equivalent to nearly $22 billion. Epstein stated that trading in the cryptocurrency market is based on the expectation that the United States will make large purchases in the future. The large-scale purchase of cryptocurrencies by various levels of government in the United States has already been digested by the market. If expectations are not met, there may be a backlash: "Unless some state-level plan is truly implemented, it will be difficult for me to see the market rise. I expect this to be led by the Treasury Department." (Cointelegraph)