After yesterdays inauguration of president Trump a bunch of executive orders were signed and boy do I mean a lot. But not a one of them held what many thought would happen and that was a strategic reserve of bitcoin for the government as an executive order. But not only that there was legit ZERO mention of crypto or bitcoin all day like NOTHING which left a lot of people in the crypto space confused.
This also I think shows you just how small crypto still is in these days and just how small it is compared to the government, banks etc it set out to replace over 15 years ago.
Elon and Doge
The only thing we are getting so far out of the "government" at the moment is Elon posting up the Doge.gov site which simply has the text "Department of Government Efficiency" "The people voted for major reform." and then a big fat picture of DOGE coin not the meme lol
Now you would think this would rally the token but it's actully had little effect at all so far on the token or the overall crypto world.
My Prediction
A while ago I said that I would believe it when I see it as politicians say a lot of crazy stuff and rarely ever follow up on it. This might as well be one of the cases once again. While I don't think it is I just feel like it's a very low priority compared to everything else going on right now. Wars, boarder control and the crazy amount of over spending happening in the government.
Now the reason I bring this up is because I've also said Trump and his family are now heavily in crypto launching companies, investing and so forth to the point where they now have a rather large investment and reason to start to "manipulate" prices and Trump has the power to do so.
His totally no mention of crypto all day is most likely planned to sink the price and allow them to gobble up even more.
Which guess what?
Watch What They Do
The company that's run by trump just bought millions more in crypto in various cryptos not just bitcoin.
This is where my next saying comes in. "Judge someone by their actions and not by what they say"
We saw this with bankers for the last few years where they trash talked crypto only to be buying it up in droves on the backend as they went on TV and talked bad about it.
Well we can now watch the actions of the wallets of trumps team and see what they are doing. No mention of it but buying it up in droves as the price slumps.
Now to me that means something big is planned at some point. When that point is be it later today or a year from now or more is unclear.
What is clear is that trump and other majors are still buying up and claiming as much of bitcoin and other assets as they can.
This is something I'm acting on as well as I continue to mine, buy, stake and build my own crypto empire. Personally my goal is for this next cycle to be able to sell partial of my assets and live fully passivly off of the Fiat while also having a rather equal share of the same amount of passive in crypto.
Because honestly I don't know if crypto will ever be fully adopted and I don't think it will ever really replace the FIAT system but it is an asset I feel that will be around for at least the next 5 years or longer.