David Sacks presented the roadmap of the crypto currency working group at a press conference at Capitol Hill. But strategic Bitcoin $97,645.2 Details were not shared on critical issues such as reserves. After the meeting, sudden decreases were observed in Bitcoin and investors criticized the lack of clear explanations. Sacks said the reserve was left to the Trade Minister of Trade Minister Howard Lutnick. Experts stressed that this situation increases the uncertainty in the sector.
Market reactions and criticisms
After the press conference, the crypto currency market fluctuated. Although Bitcoin approached record levels, he depreciated due to insufficient explanations in the meeting. Investors stated that they expect concrete steps especially for reserve plans and regulations, but they are not satisfied. Market analysts warned that short -term cautious movements may continue.
Australian lawyer Bill Morgan said, “US officials have made similar statements for 10 years, but the concrete results have not yet come,” he said. Sector leaders such as Michael Arrington stated that the explanations remain superficial and that there is a need for clarity in regulatory processes. These reactions have brought up the long -term confidence crisis of the crypto money market again.
Future expectations and analyzes
Experts, in the coming weeks Howard Lutnick’in statements will be critical, he says. Trade Minister is expected to clarify the distinction between Bitcoin reserve and sovereign asset fund. Analyst Michaël Van de Poppe claimed that the market has the potential to recover with positive news, although the market reacted for now.
Sector representatives emphasize that regulatory institutions should take quick and transparent steps. It is estimated that investors may turn to alternative assets if the uncertainties in Capitol Hill continue. On the other hand, it is considered that the roadmap of the digital asset working group can have positive effects in the long run.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
