10x Research: Trump's executive order did not meet many people's expectations, and there is still no clear guidance on the scale of reserves

PANews reported on March 7th that Markus Thielen, the founder of 10x Research, stated in his latest client report: "Trump has signed an executive order aimed at establishing a strategic Bitcoin reserve. Although this marks the beginning of preliminary actions, the details are far from meeting many people's expectations. Despite possible subsequent announcements of other measures, the latest developments highlight a huge gap between ideal scenarios and actual policy rollouts.

We should have released a bearish report this morning to predict this news because we assessed that the risk of disappointment was higher than the possibility of generally bullish results. While it is progress - formally confirming that the US government will indefinitely hold confiscated Bitcoins - there is still no clear guidance on reserve scale. According to our estimates, actual Bitcoin allocation may be 50% lower than what news reports suggest."