Big news in the world of cryptocurrency! President Trump made a new rule about Bitcoin. The government won't buy any more Bitcoin, but they will keep Bitcoin taken from criminals.
This caused the price of Bitcoin to go down a bit (5%), from about $92,000 to around $87,000. Some people are worried, but others think this is just a temporary dip.
- The US government will use seized Bitcoin.
- Bitcoin's price dropped 5% after the news.
- Some investors are looking at other cryptocurrencies.
| Year | Bitcoin Seized | Value at Seizure |
|---|---|---|
| 2013 | 30,000 | ~$28 million |
| 2016 | 119,756 | ~$72 million |
| 2020 | 69,370 | ~$1 billion |
| 2022 | 94,000 | ~$3.6 billion |
Experts suggest looking at other cryptocurrencies, called altcoins, while waiting for the Bitcoin price to recover. Some examples include Solaxy ($SOLX), which aims to improve the Solana blockchain, and Meme Index ($MEMEX), which lets you invest in a group of meme coins to reduce risk. Remember to always research before investing!
