US President Donald Trump storm the crypto world on Sunday evening with the announcement of a Crypto strategic reserve plan which includes XRP, Ada de Cardano and Solana – adding Bitcoin (BTC) and Ether (ETH) to mix.
Trump discusses the idea of a strategic cryptography reserve since his presidential campaign in 2024. Shortly after taking office in January, he signed an executive decree leading a working group to assess the formation of a strategic cryptography reserve, but the order has not explicitly demanded that the United States establishes one.
The prescription said that the digital asset working group should “assess the potential creation and maintenance of a national stock of digital assets”. Trump said on Sunday that the group should “move forward” by officially establishing the reserve. The working group will organize a summit on Friday with cryptographic industry and government representatives.
This has instantly elegant markets, while ADA and XRP increased up to 60%, and Bitcoin reversed a piece of losses last week with a movement above $ 93,000. The merchants warned against growing exposure to the market after the sudden move while the concrete details of the reserve are finalized, all the eyes on the very first summit of the cryptography of the White House scheduled for March 7.
While traders remain focused on prices, here is what the leaders of cryptographic industry say about long -term implications and the impact of any strategic reserve plans.
“I imagined that a strategic reserve would only be bitcoin. It makes me most logical.
Many cryptographic assets have merits, but what we are talking about here is not an American investment portfolio – we are talking about a reserve, and Bitcoin is the undisputed reserve for the digital age.
Of course, I am grateful that the new administration is so constructive in space. I can’t wait to know more about the reflection here. “”
“I have already said – the cryptographic industry will reach our objectives (and beyond), if we work together. Appreciate the president of the crypto @ realdonaldtrump of a representative of reserve of digital assets of the government of the industry.
Maximalism is the enemy of industry progress. Happy to see Potus recognize that we live in a multi -hole world and that we finally go beyond Bill Hinman and the very broken thought of the dry of the Biden administration.
I will certainly continue to defend this in Washington at the end of this week. “”
“Excited to find out more. Always forging an opinion on the allocation of assets, but my current thought is:
1. Just Bitcoin would probably be the best option – the simplest and clearest as a successor to gold.
2. If people wanted more variety, you could make a weighted marching capital index of cryptographic assets to keep it impartial.
But probably the n ° 1 option is the easiest “
“I receive the justification of a Bitcoin reserve. I do not agree with it, but I understand. We have a gold reserve. Bitcoin is digital gold, which is better than analog gold. So let’s create a Bitcoin reserve too. But what is the reason for being for an XRP reserve? Why should we need it?”
“Nothing new here. Just words. LMK when they get the approval of the congress to borrow money and or reassess the price of gold. Without that, they have no money to buy #Bitcoin and #Shitcoins.”
Tracy Jin, COO of Mexc
“This decision signals the recognition of the value and the contribution of cryptocurrencies to the national economy, their role in the economic strategy and the growing recognition of the potential of blockchain to stimulate innovation in the global passage to a digital economy.
The crypto reserve of the United States could play an important role in stabilizing volatility, legitimacy and democratization of access to cryptographic assets. It could also pave the way for clearer regulatory directives, which the main players in the industry have long recommended.
Historically, strategic reserves have considerably motivated the demand for basic products such as crude oil and gold. The interest of institutional and central banks for gold led to an increase in prices of 26% in 2024, and a similar effect could be observed for cryptographic assets with solid technological foundations and real applications. “”
James Butterfill, research manager in Coinshares
“We are surprised to see digital assets other than bitcoin included in the strategic reserve, because they differ considerably in nature. Unlike Bitcoin, which serves as a fixed learning asset which can help hide against a depreciating fident currency, these assets apply to technological investments.
The announcement suggests a more patriotic position towards the wider crypto technological space, with little consideration for the fundamental qualities of these assets. “”
Yves La Rose, CEO and co-founder of the EOS Network Foundation
“The announcement of the strategic reserve of President Trump was intrigued in an intrigued way – breathtaking one Sunday in a backdrop of the battered market and highlighting XRP, ADA and before BTC and ETH.
While most expected a “Bitcoin only” approach, this pivot highlights the multidimensional potential of digital assets, paving the way for advanced complaint solutions and the world finance committee. It is a strategic decision that could forge new partnerships and inspire more robust infrastructure for large -scale adoption.
Call this a “Trump index fund” or an “American index fund” – it presents the versatility and resilience of this evolving market. This movement establishes a powerful previous for the future of digital finance, proving that there is room at the table for a variety of tokens and technologies. “”
Read more: Crypto Day Book Americas: Trump’s reserve shock cautiously revives $ 100,000 BTC Hope
This is a list of comments for comments from the leaders of the cryptographic industry, updated regularly.
