ChainCatcher brings news: on September 16, the House Financial Services Committee is set to review the “U.S. Reserve Modernization Act,” and the bill will move immediately into committee voting.
The bill plans to establish a national bitcoin reserve at the Treasury, with other digital assets placed into separate reserve pools. Compliant bitcoins that the government seizes will be added to the reserves. Funds raised by selling off other assets can be used to acquire more bitcoin or to repay national debt.
If the bill passes, it effectively means that Congress has officially legislated to recognize bitcoin’s status as a national reserve—an unequivocal long-term positive. In the short term, sentiment could easily be hyped up and drive a burst of market activity. Objectively speaking, at this stage the bill won’t bring in large amounts of money for aggressive spot buying; it mainly sets the framework. The upside plays out over the long run, making it difficult to trigger a straight, one-way, sharp pump immediately.
If the bill fails, the short-term bullish narrative collapses. Capital that positions itself in advance to bet on the expectation will likely exit, making it easier to see a sell-off and a price dump. But it’s not completely over—after lawmakers revise the content, it can be submitted again. The difference is that, in the short term, market sentiment will face greater pressure.
The reason Bitcoin is so strong right now is that this bullish catalyst is still hanging in midair and hasn’t landed yet. Everyone is trading expectations. As long as the expectation hasn’t become reality, it keeps everything propped up. Once the “shoe drops,” for better or worse, there will be a wave of execution.
Keep your priorities straight in your mind. No matter how the bill turns out, the true highlight this week is the Fed’s policy meeting decision on Thursday and the rate-hike expectations. This one can only be considered a side-line catalyst—don’t get led astray by a single piece of news $BTC #美联储加息概率升至89% #比特币守稳77000美元上方
The bill plans to establish a national bitcoin reserve at the Treasury, with other digital assets placed into separate reserve pools. Compliant bitcoins that the government seizes will be added to the reserves. Funds raised by selling off other assets can be used to acquire more bitcoin or to repay national debt.
If the bill passes, it effectively means that Congress has officially legislated to recognize bitcoin’s status as a national reserve—an unequivocal long-term positive. In the short term, sentiment could easily be hyped up and drive a burst of market activity. Objectively speaking, at this stage the bill won’t bring in large amounts of money for aggressive spot buying; it mainly sets the framework. The upside plays out over the long run, making it difficult to trigger a straight, one-way, sharp pump immediately.
If the bill fails, the short-term bullish narrative collapses. Capital that positions itself in advance to bet on the expectation will likely exit, making it easier to see a sell-off and a price dump. But it’s not completely over—after lawmakers revise the content, it can be submitted again. The difference is that, in the short term, market sentiment will face greater pressure.
The reason Bitcoin is so strong right now is that this bullish catalyst is still hanging in midair and hasn’t landed yet. Everyone is trading expectations. As long as the expectation hasn’t become reality, it keeps everything propped up. Once the “shoe drops,” for better or worse, there will be a wave of execution.
Keep your priorities straight in your mind. No matter how the bill turns out, the true highlight this week is the Fed’s policy meeting decision on Thursday and the rate-hike expectations. This one can only be considered a side-line catalyst—don’t get led astray by a single piece of news $BTC #美联储加息概率升至89% #比特币守稳77000美元上方
