The anticipation surrounding new tariff policies under President Trump's administration has created a cautious atmosphere in the market, impacting Bitcoin's price movement. Investors are wary of the potential economic repercussions of tariffs on China, Mexico, and Canada, which has led to a slight decline in Bitcoin prices. Robert Kiyosaki, author of "Rich Dad Poor Dad," views this as a buying opportunity, emphasizing concerns over the growing debt burden. Additionally, the U.S. Securities and Exchange Commission's (SEC) decision to delay its ruling on Grayscale's Digital Large Cap Fund's conversion into an ETF has added to the uncertainty, leaving investors in anticipation of how such regulatory changes could affect the cryptocurrency market.
The 2x Bitcoin Strategy ETF (BITX) is currently priced at $59.25 as of 08:40 AM on Saturday, February 1.