A few things happened last night. Chuanzi met with the founder of Coinbase, seemingly to seek advice on the new SEC chairman; Gary Gensler's resignation is a done deal.
Secondly, Chuanzi consulted with the CEO of BlackRock regarding the new Treasury Secretary's candidate. Considering that BlackRock is currently the largest player in crypto, this is also a positive sign.
Thirdly, Chuanzi's company DJT has begun in-depth negotiations to acquire the crypto platform BAKKT. These events are enough to show that Chuanzi is fully supporting crypto and is about to fulfill his promises. Even for Musk, Chuanzi has raised the priority of relaxing restrictions on autonomous vehicles, leading to a surge in Tesla's stock. For the first time, Musk admitted on social media that he holds a large amount of $doge, and SpaceX holds a significant amount of Bitcoin. In the past, Musk never admitted to holding any, but this time he has revealed his cards, indicating he feels confident. In the future, crypto regulation in the U.S. should get on the right track, with absolutely lenient regulatory policies.
Additionally, yesterday more sovereign nations and institutions began to adopt Bitcoin as a strategic reserve, including the Polish government and the U.S. listed company Genius, which reserves Bitcoin. The U.S. listed company Cosmos Health reserves Bitcoin and Ethereum. The founder of MicroStrategy mentioned in a speech that strategic reserve of Bitcoin will be the greatest trade of the 21st century. CZ subsequently stated that the competition for strategic reserves has begun, and no one wants to be the last one. Thus, in the future, whether it is a sovereign nation or an institution, the distinction can be made simply by judging if they have reserves of Bitcoin. Those without reserves are worthless.
