Standard Chartered analyst: Trump's creation of a US national Bitcoin reserve fund is a "low probability event"

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Cointime2024/11/11 04:33

By:Cointime

Geoff Kendrick, an analyst at Standard Chartered Bank, said in an interview with the Financial Times that the creation of the US National Bitcoin Reserve Fund by Trump is a "low probability event". However, since Trump's election, the cryptocurrency market has continued to rise, with Bitcoin prices up more than 15% since November 6th and up about 80% for the year, with growth rates exceeding traditional investments such as stocks and gold. Richard Teng, CEO of Binance, believes that Trump's victory is a "major victory for cryptocurrency" and expects an increase in cryptocurrency mergers and acquisitions during Trump's second term as president.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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