Donald Trump’s non-strategic Crypto Reserve

Donald Trump caused her Rioting criedocurnity trading and accusations for favorites on Sunday after identifying several coins that may have in the future American Strategic Crypto Reserve. Next to Bitcoin, Trump said that KSRP, Solana, Cardano and Ether would consider inclusion.

“The American CRIPTO reserve will increase this critical industry after the multi-year administration attacks, which makes my executive workgroup progress to the President of the Strumpy Reserves, which included Trump in the Trump mail On Sunday.

“And, obviously, BTC and ETH, as well as other precious cryptocurries, will be the heart of the reserves. Also I love Bitcoin and Etherum!” He added Two hours later, maybe calm the tribe, he forgot to do toast.

An executable Signed by Trump in January has already specified that cryptocurrencies other than Bitcoin would be included in the reservation, but the President was not previously identified who considered coins. (The administration has not yet confirmed how big the reserve will be or where the coins will come from.)

Seizing in this Morsel of new information, crypto merchants accumulated in coins that set aside Trump, which led to a sharp, but temporary ranges in price range from 9 to 65 percent. Coins are generally returned to about the same price as before the announcement.

Meanwhile, the question in crypto circles was asked: Why did Trump choose these special coins? The Bitcoin Reserve case is intended to Already a trembling assumption The price of Bitcoin in growth of Bitcoin will compensate for losses in power consignment caused by inflation. But what makes these money makes many of which have very volatile prices – “strategically”?

The White House Press Office did not immediately respond to the comment request.

Some members of the crypto industry, especially bitcoinersThe suspect that Trump decision-making was colored with money thrown to certain crypton companies at US elections 2024. years.

In the execution of the election, the CRIPTO company Funned is more than $ 150m In Super Political Committees that are set to support candidates for Pro-Cripto Congresses, many of them. Among the most distinct donors were Ripple’s cross-border payment companies, whose services rely on the KSRP, risk capital A16Z, which was previously Inputed in Solanaand software consensic companies, run One of Etherum Cofa.

“In the end, I believe that it will make sense to include a company token over another in strategic reserves and it is up to it as strategic assets,” says Cori Klippsten, founder Bitcoin-Sam’s Svan Bitcoin BitCoin. “If politicians do not absolutely need to restore services from the last optional cycle on their crypto donors, maybe Altcoyne in a sovereign wealth fund may be added.”