..No, BTC didn't fall because Trump signed the Executive Order for a Strategic Bitcoin Reserve.
..the market already knew that.
..but what the market assumed was that a Strategic Bitcoin Reserve would involve the US Govt buying Bitcoins. That is not in the Order, at least not yet: it simply involves a transfer of seized BTC from criminal activities, without burdening taxpayers.
..it seems it is still a bridge too far to gain political will to allow for taxpayers money to be used to buy BTC as reserves. So Saylor bears the brunt of the sell-off.
..given this and the likelihood of challenging market for techs, a short term hold on BTC could be more painful ahead.
