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Behind Bitcoin's Tepid Response to the Strategic Bitcoin Reserve

In this week’s Trading Take, Beimnet Abebe from Galaxy Trading and Alex Thorn from Galaxy Research discuss the recent executive order establishing a U.S. Strategic Bitcoin Reserve (SBR). Despite high initial expectations, Bitcoin's market response has been tepid, reflecting broader market caution. The discussion explores the challenges of purchasing digital assets with taxpayer money and the broader implications for U.S. fiscal policy and digital currency strategy. Beimnet and Alex also touch on the broader market conditions affecting both equities and cryptocurrencies.

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