I love Bitcoin and Ethereum: What Trump said in the strategic reserve of the encrypted currency

In a series of posts about social truth, Trump expressed his support for Bitcoin and Ethereum, saying: “It is clear that BTC and ETH, like other cryptocurrencies, will be the heart of the reserve. I also love Bitcoin and Ethereum!”
He also detailed his vision of the cryptocurrency sector in the United States, while highlighting plans to create an American encryption reserve aimed at strengthening the industry. “The American encryption reserves will raise this critical industry after years of corrupt attacks by the Biden administration, which is why my executive order in digital assets directed the presidential work group to move forward in a strategic coding reserve that includes XRP, Sol and Ada. I will make sure that the United States is the capital of Crypto in the world. We make America great again!”
Encryption
Also read: Bitcoin rises by 10 % to 92,900 dollars after Trump announced the strategic reserve Crypto; Cardano, XRP collects up to 64 %
The move comes after an executive order in January, which directed a working group to explore a coded currency stock in the United States, which is likely to be confiscated by a federal seizure assets. The plan sparked a discussion about its potential impact on the US markets and dollars, given the volatility of Bitcoin and the absence of fundamental value.
Also read: Robert Keusaki believes that Bitcoin breaks an opportunity to buy, calls it “money with integrity”
After this announcement, Bitcoin increased by 10 % to 92,900 dollars, while Ethereum also witnessed strong gains. Altcoins jumped in the reserve, including XRP, Solana (Sol) and Cardano (ADA), as much as up to 64 %, reflecting the investor optimism about Trump’s pro -profit position.
Industry experts believe that this is a strategic batch of the United States’ position at the forefront of the digital asset sector. “With the dominance of bitcoin and Altcoins has gained traction, investors evaluate the broader effects of this step,” said Avenash Sheikhd, co -founder and executive director of Pi42. “In a time of uncertainty in the total economy of encryption, this decision represents a decisive transformation, driven by political power and important financial movements.”
“The golden age of encryption here, and the world notices it. With the leadership of the United States to create a strategic coding reserve, we can be on the lips of Global Tradance-one can push organizational clarity forward. Technology,” said Ashish Cinngal, co-founder of Coinswitch.
Also read: The following PI Coin step: Can you reach $ 100 and beyond?
((DisintegrationRecommendations, suggestions, opinions and opinions made by experts are their own. These do not represent the views of economic times)
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