Thunder777

$BTC #WhiteHouseCryptoSummit #USCryproReserve Crypto] can be very, very volatile. It can go up very quickly, and it can turn around and go down just as quickly,” Garrison said. “Switching from very safe investments that the state of Texas has today—like government bonds, index funds, hedge fund investments—to cryptocurrency is really increasing the risk in that portfolio.”
If the reserve is created, it will be overseen by the Texas Comptroller. A five-person advisory committee, including the comptroller, would advise on the management of this reserve.
#WhiteHouseCryptoSummit

$BTC
Between March 2023 and January 2025, the U.S. government reduced its holdings by 38,000 BTC, valued at approximately $3.54 billion. Despite this sell-off, Bitcoin's price surged 375% during the same period, driven by rising demand for spot Bitcoin ETFs and optimism over Trump’s pro-Bitcoin policies.

$BTC
Data from on-chain intelligence tracker Santiment shows an increase in BTC tokens held off exchanges and a decrease in BTC supply on exchange platforms. There has been a clear divergence between the two metrics since mid-November, indicating BTC accumulation off-exchange platforms and a reduction in selling pressure on exchanges.