Marion Laboure, who serves as managing director and macro strategist at Deutsche Bank, expressed her opinion that Donald Trump’s decision to invest in Bitcoin was merely an extension of the crypto trend that began last year. Additionally, she pointed out that several types of cryptocurrencies are expected to experience a decline.
Deutsche Bank Strategist Disregards Trump’s Admin Bitcoin Reserve: ‘Nothing New’
There’s ongoing excitement within the financial sector about the shift in policy towards the cryptocurrency industry, particularly the creation of a strategic bitcoin reserve and a digital currency hoard in the United States.
Marion Laboure, managing director and macro strategist at Deutsche Bank, recently expressed his thoughts on President Trump’s latest interest in cryptocurrencies like Bitcoin. In a recent interview, Laboure dismissed the idea of creating a strategic Bitcoin reserve and stockpiling cryptocurrencies as just another extension of the digital assets sector’s accomplishments in 2024.
She stated:
It appears to me as more of a categorization rather than something entirely novel, considering there had been quite a bit of discussion surrounding the topic in mid-2024.
Additionally, Laboure pointed out that there are still several uncertainties surrounding the functioning of such a reserve, which might have contributed to the tepid response from the market towards these projects. In her opinion, questions remain about which cryptocurrencies will be chosen, the allocation quotas, the composition of the assets, the timeframe, and more.
As an analyst, I share the sentiment expressed by some of my peers who anticipated the U.S. would swiftly jump into the bitcoin market, following Michael Saylor’s strategic advice to convert a substantial portion of gold reserves into bitcoin. However, the strategy proposed prioritizes budget-neutral methods for expanding our reserve, aiming to prevent additional burdens on taxpayers and pave the way for potential future growth.
Read more: Michael Saylor Outlines US’s Ultimate Bitcoin Reserve Strategy: Dump Gold, Buy Bitcoin
Read more: Trump Establishes Bitcoin Reserve, But Industry Participants Await Clear Action
Reflecting on Laboure’s insights, I can’t help but acknowledge the inherent volatility in the crypto space. It seems clear that beyond Bitcoin and Ethereum, numerous digital currencies out there are potentially at risk of a downturn.
Read More
- UNLOCK ALL MINECRAFT LAUNCHER SKILLS
- REPO: How To Fix Client Timeout
- Unaware Atelier Master: New Trailer Reveals April 2025 Fantasy Adventure!
- 10 Characters You Won’t Believe Are Coming Back in the Next God of War
- 8 Best Souls-Like Games With Co-op
- Minecraft Movie Meal Madness
- Top 8 UFC 5 Perks Every Fighter Should Use
- All Balatro Cheats (Developer Debug Menu)
- BTC PREDICTION. BTC cryptocurrency
- The White Rabbit Revealed in Devil May Cry: Who Is He?
2025-03-26 08:00