21Shares Strategy Chief: The U.S. strategic crypto reserve process will take longer than the market expects, and the market reaction is overly optimistic
ChainCatcher news, 21Shares strategy director Eliezer Ndinga stated that the recent rise in cryptocurrency prices (especially altcoins) is mainly driven by discussions around the U.S. strategic crypto reserves, but the market reaction may be overly optimistic.He pointed out that establishing a strategic reserve requires congressional approval and involves several complex issues: asset allocation ratios, holding periods, the proportion of holdings relative to total supply, market integrity measures, and asset protection mechanisms.Ndinga believes this process will take longer than the market expects. Trump may use his social media influence to set preliminary conditions for Congress, but the proposal may face multiple revisions and delays, ultimately leading to a cooling of current market enthusiasm.