Today in Crypto, CZ called on Elon Musk to ban automatic bots on X, disappointment over unrealistic investors’ expectations of US strategic Bitcoin reserve signals, and according to regulatory experts, Michael Saylor advocated an aggressive US government approach to the accumulation of Bitcoin.
CZ asks Elon Musk to remove the automatic bots on x
Binance co-founder Changpeng Zhao (CZ) asked Elon Musk to ban automatic bots on X. This is an issue the Crypto community has been working on for years.
“I think X should ban all bots. Here we just want to interact with humans. “It’s not automated.”
Automated bots can also amplify messages by preferring or retweeting posts and comment on posts. This is often done in a way coordinated by the individual or team running the bot farm.
Source: CZ
As crypto influencers or executives in the digital asset industry, these automated bots often promote fake tokens, fraudulent airdrop fraud, and phishing links designed to steal funds from unsuspecting users.
A 2023 study from the Network Contagion Research Institute also found that coordinated bot attacks were used to manipulate crypto prices.
Bitcoin Reserve Backlash Signal Unrealistic Industry Expectations
The broad disappointment surrounding the US strategic Bitcoin reserve has been hailed as a historic step for adoption of Bitcoin, according to regulatory experts, but suggests unrealistic investors’ expectations.
President Donald Trump signed the executive order on March 7th. This utilizes Bitcoin (BTC) seized in a government criminal case rather than buying assets directly from the market. According to Cointelegraph Markets Pro Data, the announcement saw Bitcoin price fall by more than 6%, falling from $90,400 to $84,979.
The response shows unrealistic industry expectations, according to Anastasija Plotnikova, co-founder and CEO of Fideum, an institution-focused regulatory and blockchain infrastructure company.
BTC/USD, 1 month chart. Source: Cointelegraph
“It was very clear that the US government could own and utilize existing BTC.
“It’s strange to see such a big public disappointment from some industry players. (…) Not too long ago, but even the idea of ​​a BTC reserve held and supported by the federal government was a revolutionary idea, and now we see very robust implementation.”
Bitcoin Reserve is a “cautious” approach with taxpayer funds, and “aligns this decision well with the message from this administration,” regulatory experts added.
Michael Saylor pushes the government on us to buy up to 25% of the supply of Bitcoin
Strategy Founder Michael Saylor suggests that the US government aims to acquire up to 25% of its total Bitcoin supply over the next decade for its strategic Bitcoin reserve.
“We will acquire 5-25% of the Bitcoin network for the country through daily purchases of consistent programs between 2025 and 2035, where 99% of all BTC is issued.
Saylor presented the document to President Donald Trump, government officials and global crypto leaders at the White House Crypto Summit on March 7th.
He explained that the government should stick to a policy that “never sell your Bitcoin” predicts that by 2045, the strategic Bitcoin reserve could generate more than $10 trillion per year and serve as a “permanent source of prosperity” for Americans.
