<ul><li>Bitwise Asset Management’s CIO, Matt Hougan, believes crypto markets are misreading President Trump’s strategic crypto reserve.</li><li>Initially, the proposal was received positively, leading to a surge in Bitcoin's price. However, the market response was short-lived as digital assets surrendered their gains.</li><li>Hougan explains that critics are skeptical of the broad selection of five cryptocurrencies named in the announcement, with some suggesting a bitcoin-centric reserve would be more appropriate.</li><li>Despite the short-term controversies, Hougan argues that the US government's acknowledgment of crypto assets being 'strategic' is bullish and could lead to global adoption.</li></ul>

Crypto Markets Are Misreading Trump’s Strategic Reserve, Says Bitwise CIO

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