Biden

Jeff

CRYPTO

Digital Gold

U.S. President Donald Trump&nbsp;<a style="text-decoration:none" href="https://truthsocial.com/@realDonaldTrump/posts/114093946326587357">unveiled</a> the formation of a&nbsp;Crypto Strategic Reserve, a first-of-its-kind initiative that will see the U.S. government officially stockpile digital assets. The announcement, made on&nbsp;Truth Social, named&nbsp;<a style="text-decoration:none" href="https://bsc.news/post/what-is-bitcoin-how-it-works-mining-digital-gold-guide">Bitcoin</a> (BTC),&nbsp;<a style="text-decoration:none" href="https://bsc.news/post/what-is-ethereum-eth-how-it-works-explained">Ethereum</a> (ETH), XRP,&nbsp;<a style="text-decoration:none" href="https://bsc.news/post/solana-blockchain-ecosystem-deep-dive">Solana</a> (SOL), and Cardano (ADA) as the five cryptocurrencies included in the reserve.
This move comes after Trump’s earlier&nbsp;executive order on digital assets in January, which directed officials to establish a&nbsp;national digital asset stockpile. While the order was initially met with skepticism, the latest announcement has sent crypto markets soaring, with Bitcoin surpassing&nbsp;$94,000 and Ethereum climbing&nbsp;13% in just hours.
But why these five coins? And what does this mean for the broader crypto market?
<h2 dir="ltr" id="span-span-strong-trump-s-shifting-crypto-strategy-strong-span-span">TRUMP’S SHIFTING CRYPTO STRATEGY</h2>
<h3 dir="ltr" id="span-span-strong-from-bitcoin-stockpile-to-crypto-reserve-strong-span-span">From Bitcoin Stockpile to Crypto Reserve</h3>
Trump had previously vowed to&nbsp;create a strategic Bitcoin reserve, calling Bitcoin "digital gold" during his keynote speech at the&nbsp;Bitcoin 2024 Conference in Nashville. His latest move, however, expands this vision to include multiple cryptocurrencies, signaling a broader embrace of the crypto industry.
The&nbsp;January 23 executive order had already set the stage for government involvement in digital assets. It directed the formation of a&nbsp;national digital asset stockpile, potentially using cryptocurrencies seized by law enforcement. However, the use of the term&nbsp;"Crypto Strategic Reserve" in Trump’s latest announcement suggests a more proactive approach—one that goes beyond simply holding confiscated assets.
<h2 dir="ltr" id="span-span-strong-why-these-five-cryptocurrencies-strong-span-span">WHY THESE FIVE CRYPTOCURRENCIES?</h2>
Trump’s decision to include&nbsp;Bitcoin, Ethereum, XRP, Solana, and Cardano has surprised many. Here’s why each might have made the cut:
<h3 dir="ltr" id="span-span-strong-1-bitcoin-btc-the-digital-gold-strong-span-span">1. Bitcoin (BTC) – The Digital Gold</h3>
As the&nbsp;largest and most decentralized cryptocurrency, Bitcoin is often compared to gold. Its&nbsp;fixed supply of 21 million coins makes it a strong candidate for a reserve asset. Trump has publicly expressed support for Bitcoin, stating that the U.S. should "keep 100% of all Bitcoin it holds or acquires."
<h3 dir="ltr" id="span-span-strong-2-ethereum-eth-the-smart-contract-leader-strong-span-span">2. Ethereum (ETH) – The Smart Contract Leader</h3>
Ethereum is the backbone of&nbsp;decentralized finance (DeFi) and&nbsp;smart contracts, making it a vital part of the blockchain ecosystem. Including ETH suggests that the U.S. government sees value in&nbsp;programmable money and decentralized applications (dApps).
<h3 dir="ltr" id="span-span-strong-3-xrp-the-bridge-between-banks-and-crypto-strong-span-span">3. XRP – The Bridge Between Banks and Crypto</h3>
XRP, created by Ripple Labs, is designed for&nbsp;fast and low-cost cross-border payments. Ripple has strong connections with financial institutions, and its inclusion could hint at a&nbsp;government-backed push for blockchain-based payments.
<h3 dir="ltr" id="span-span-strong-4-solana-sol-the-fast-and-scalable-contender-strong-span-span">4. Solana (SOL) – The Fast and Scalable Contender</h3>
Solana has gained recognition for its&nbsp;high-speed transactions and low fees, making it a strong competitor to Ethereum in the smart contract space. The U.S. government may see Solana as a key player in the future of blockchain infrastructure.
<h3 dir="ltr" id="span-span-strong-5-cardano-ada-a-research-driven-blockchain-strong-span-span">5. Cardano (ADA) – A Research-Driven Blockchain</h3>
Cardano, known for its&nbsp;academic approach and sustainability, has positioned itself as a&nbsp;scalable and secure blockchain. Its inclusion could reflect confidence in its long-term development and governance model.
<h2 dir="ltr" id="span-span-strong-bitcoin-maximalists-aren-t-happy-strong-span-span">BITCOIN MAXIMALISTS AREN’T HAPPY</h2>
Not everyone is celebrating. Bitcoin maximalists, who believe&nbsp;Bitcoin is the only cryptocurrency with real value, were quick to criticize the inclusion of other assets.
<ul>
 <li>Pierre Rochard, VP of research at Riot Platforms,&nbsp;<a style="text-decoration:none" href="https://x.com/BitcoinPierre/status/1896242000778936340">argued</a> that the reserve would "naturally become Bitcoin-only" over time.</li>
 <li>Jeff Park, Bitwise’s head of alpha strategies,&nbsp;<a style="text-decoration:none" href="https://x.com/dgt10011/status/1896295649618051350">called</a> the decision a&nbsp;"huge political miscalculation," suggesting Trump underestimated Bitcoin's dominance.</li>
 <li>Nick Neuman, CEO of Casa,&nbsp;<a style="text-decoration:none" href="https://x.com/Nneuman/status/1896240103049331107">dismissed</a> the inclusion of other assets, stating that "infinite supply digital assets—especially ones with zero utility—do not fit the bill."</li>
</ul>
Prominent analyst&nbsp;Peter Schiff questioned the rationale behind an&nbsp;XRP reserve, calling it unnecessary.
<h2 dir="ltr" id="span-span-strong-impact-on-u-s-crypto-policy-strong-span-span">IMPACT ON U.S. CRYPTO POLICY</h2>
Trump’s decision to back a&nbsp;Crypto Strategic Reserve marks a&nbsp;major shift in U.S. crypto policy. Under the Biden administration, regulators took a&nbsp;hostile stance toward crypto, cracking down on major firms and considering the development of a&nbsp;Central Bank Digital Currency (CBDC)—which Trump has explicitly banned.
Now, with Trump&nbsp;<a style="text-decoration:none" href="https://thehill.com/policy/technology/5171305-white-house-to-host-first-crypto-summit/">hosting</a> the&nbsp;first-ever White House Crypto Summit on March 7, industry leaders will have a direct line to shape policy. Key figures like&nbsp;David Sacks and&nbsp;Bo Hines, who lead Trump’s&nbsp;Working Group on Digital Assets, are expected to drive new regulations favoring the crypto industry.
The SEC has also&nbsp;backed off investigations into major crypto firms, including dropping its case against&nbsp;<a style="text-decoration:none" href="https://www.reuters.com/technology/us-sec-announces-dismissal-civil-enforcement-action-against-coinbase-2025-02-27/">Coinbase</a> and Robinhood.

Trump's Crypto Strategic Reserve: Which Coins Made the Cut?

目录

BSCN

发布于 2025年3月6日的其他文章

Ripple’s Bold Move: How XRP is Disrupting Cross-Border Payments in Portugal and Brazil

This $7 Billion In XRP Linked to Ripple Chairman Chris Larsen Sparks Discussion

NEOPIN Annual Update: 2024

RENDER and NEAR Approaches Falling Wedge Resistance – Could Breakout Spark a Rally?

Bitcoin (BTC) Share from White House Advisor David Sacks Before the Critical Summit!

BlackRock's Bitcoin Holdings Grow as Market Bounces Back

订阅我们免费的电子期刊，获取每日最新加密领域动态！