March 7 will be a big day for cryptocurrency. Here is the reason.

As you may have heard, this was a big week for cryptocurrency. With the announcement of President Donald Trump on March 2 for plans for creating a national cryptocurrency reserve that is included Bitcoin (BTC 7.50%)))Present XRP (XRP 6.68%)))Present Solana (SOL 6.79%)))And a few others are difficult to see how other big developments can be made on the docket.

Nevertheless, there is a large catalyst event for March 7. Here you will find what investors are looking for and why it is important for the coins you have.

Regulatory authorities and industry have the chance to mix

March 7th is organized by the President in the White House on the first crypto summit. Large investors, CEOs, politicians and other remarkable members of the public will be present, possibly including financial supervisory authorities. The president will keep an address with prepared comments.

This type of event is completely unprecedented in the history of cryptocurrency and will undoubtedly move the cryptoma markets immediately and significantly if larger guidelines are announced or clarified. In addition, it is most likely that volatility is guaranteed, but it is very likely that new political announcements are implying fleshy changes in the growth potential of the industry. Each elaboration of the size, distribution or the actual purpose of the cryptocurrency reserve becomes particularly important, not to mention the legal or regulatory basis for implementation as a guideline. There will also be a back and forth process to determine how realistic the proposed reserve is in relation to the political aspects of its implementation.

An older proposal for the reserve requires the purchase of 5% of all outstanding Bitcoin offers over the next five years. According to this proposal, the coins would be held for at least 20 years. Such a suggestion that is implemented for Bitcoin, or a similar one that is implemented for Solana or XRP, would probably lead to the prices of these coins go up gigantically. And there is no guarantee that such a step is tracked, since the expectation would be so that the government would last as long as it is indicated.

In other words, these guidelines could easily become part of the investment thesis, why these assets are worth buying and holding forever.

There can be moments during the summit (or afterwards) that tempt you to drop everything. Alternatively, there will probably be moments when you want to take all your remaining cash in buying coins. It is important to resist these two temptations to maintain the value of your portfolio in the long term. So prepare yourself for it. This is not the time to actively observe the prices of their coins from minute to minute. In fact, there is never a time.

The long -term implications are positive, but anything but completely clear

The fact that there is a crypto summit in the White House is a bullish sign for the industry. It supports the idea that Bitcoin, XRP, Solana and the other assets that could be included in the reserve are serious investments that are worth committed to committed.

At the same time, it is very difficult for investors to plan guidelines that have not yet been worked out. And it is clear that many regulatory authorities that monitor the crypto sector are now shaken, which makes the planning process even more difficult. There is also the real possibility that the new regulations of financial institutions will not be well preserved. In this case, you don't buy as much of these coins as you would otherwise have.

At the moment, speculating in financial or narrative sense does not speculate much. There is also no reason to sell your stocks. It could even be acceptable to charge a little more of the smaller coins that are taken into account for the reserve, especially Solana. After all, the leadership of rather centralized chains such as Solana and XRP has the opportunity to speak directly to political decision -makers and senior administrative managers at the summit, which could influence all subsequent regulations in their favor.

Keep an accurate clock to announcements that come out of this summit, as well as in the days that are before this process. Even if the summit does not trigger the deductions for which investors hope, there will surely be many discussions about the future of cryptocurrency, and this affects their investments and their intuitions about where they should invest in the future.