Long term, this is all very bullish We won. The US now owns 88k BTC that it will hold as a strategic reserve and look for ways to acquire more This gives increased legitimacy to BTC and should open the door for asset managers, as well as potentially other sovereigns (and US states) to make allocations as well Near term however the SBR catalyst is now behind us which is what drove us over 100k in the first place. Combine that with an uncertain macro picture and very bearish signaling from the Trump admin, it’s likely the environment remains risk off for now