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

Geoff Kendrick, an analyst at Standard Chartered Bank, said in an interview with the Financial Times that Trump's creation of the US National Bitcoin Reserve Fund is a "low probability event." However, since Trump's victory, the cryptocurrency market has continued to rise. Since November 6, the price of Bitcoin has risen by more than 15%, and the year-to-date increase is about 80%, which is faster than 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 that cryptocurrency mergers and acquisitions will also increase during Trump's second term as president. (cryptoslate)