Bitcoin experienced a significant price drop from its October peak, attributed to the unwinding of over-leveraged bets and the impact of U.S. crypto policy. The establishment of a 'Strategic Bitcoin Reserve' by President Trump, which only holds seized assets, disappointed investors hoping for federal purchases. This policy inadvertently legitimized stablecoins pegged to the dollar, potentially bolstering the greenback's global role. While Bitcoin may retain appeal as a hedge against fiat currency over-issuance, gold is presented as a stronger, more traditional alternative.