Bitcoin Drops Below 85500 as Investors Dump Assets Amid Trump Reserve News

Bitcoin (BTC) has experienced a marginal decline, slipping below $85,000 as it struggles to build momentum. The flagship cryptocurrency has been down nearly 1% over the past 24 hours and is currently trading just under the $85,500 level. Despite President Donald Trump officially establishing a strategic reserve, investors have dumped their assets due to the lack of immediate plans for the US to purchase BTC. This has led to a drop in BTC's price, which has failed to push above $90,000.

Renowned author Robert Kiyosaki has criticized traditional financial instruments, particularly spot Bitcoin ETFs. He labeled these ETFs as fake investments, preferring direct ownership of assets like gold, silver, and Bitcoin. Kiyosaki believes that ETFs do not give investors true ownership of the underlying asset and are managed by Wall Street institutions designed to keep investors financially naive. He argues that investing in ETFs exposes investors to assets that lack intrinsic value and compromise their financial security. Kiyosaki advocates for direct ownership of tangible assets to hedge against inflation and economic downturns, stating that physical gold, silver, and Bitcoin are more reliable stores of value than paper assets managed by financial intermediaries.

Analysts have pointed out the correlation between the US Dollar's decline and Bitcoin's potential for new highs. James Coutts, Chief Crypto Analyst, provided a detailed analysis of the historical relevance of the declining US Dollar (DXY) with Bitcoin. With the DXY exhibiting its fourth-largest 3-day decline in history, Coutts believes it could catalyze new Bitcoin highs. He noted that when the DXY drops more than 2.5%, BTC registers an increase 100% of the time, and when the DXY drops 2% or more, BTC rises 17 out of 18 times, with a 94% win rate over 90 days. With the DXY dropping by 3% between March 3 and March 6, Coutts has predicted new all-time highs for the flagship cryptocurrency by May 2025.

Bitcoin (BTC) has declined during the current session after finding its feet above the $86,000 mark. The flagship cryptocurrency has struggled to build momentum and reclaim the $90,0