Traders are buying the deep seek dip and more rumblings of a Bitcoin strategic reserve.

It's Tuesday, January 28, 2025. I'm Christine Lee. This is CoinDest Daily.

We all want to believe in something. In Chinese, belief also means trust. We want to trust our systems

and each other so we can build a future beyond what we know. Join us at Consensus Hong Kong,

where belief becomes real. Bitcoin in positive territory, as a number of analysts say

sell-off fears triggered by China's AI startup Deepseek are a buying

opportunity. Jeffrey Kendrick of Standard Chartered saying the crypto sell-off was driven by overblown

expectations for Trump's policies last week and the Nasdaq's correction arguing the worst for

BTC may be over. London Crypto Club analysts calling the decline a knee-jerk reaction, framing it as a

local low in a broader bull market with strong macro fundamentals. And Tom Lee, head of Fundstraat

research calling Monday's price action and overreaction. U.S. markets look healthy as Bitcoin outperforms

small caps and financials year-to-date. Brad Garlinghouse, CEO of XRP issuer Ripple Labs,

supports the idea of a US digital asset reserve

encompassing multiple tokens.

Posting on X, if a government digital asset reserve is created,

I believe it should be representative of the industry,

not just one token, whether it be BTC, XRP, or anything

else, maximalism remains the enemy of crypto progress. Last week, President Donald Trump

signed an executive order that creates a working group to evaluate the creation of a national

digital asset stockpile. BTC media CEO, David Bailey, is an advisor to Trump, and based on a

recent conversation with the President Bailey believes Trump is unaware of concerns held by

Bitcoin maximists who believe any National Reserve should only hold Bitcoin. Chances of Trump

...