The encryption markets begin to become sensitive to Trump’s positive news

Author: SCOF, Chaincatcher

Last night, the cryptocurrency market was in a state of frenzy due to a leaflet from Trump mentioning “the strategic reserve for encryption”. XRP, Sol and Ada increased by more than 30 % in one day, and she followed Bitcoin and Ethereum followed. The market value of the entire encryption market increased by $ 300 billion.

The impact of “clouds” is clear, but it seems that the market has reproduced the exclusive chants of the bull policy market.

The encrypted rationality returns.

1.

Anyone who understands the American legislative system knows that the president does not have the power to create a national encryption, which requires a long and complex game in Congress.

Although the latest progress in the “strategic reserves of encrypted currency” has strengthened the market morale in the short term, some of the industry is skeptical in Trump’s encoding plan. More rational voices believe that the plan is similar to political gestures or negotiating strategy from the truly implemented national strategy.

“This is just an empty examination. The US Treasury simply does not have a budget to increase its property of encryption assets,” said Arthur Hayes.

Chris Bernes, the partner of the national element VC, re -tweeting the Udi Wertheimer, the founder of Taproot Wizards, on social media: To date, the best explanation for the strategic reserve is that this is just a TRAP negotiating strategy. To achieve a real reserve, Trump must persuade Congress, and he cannot decide on his own. Whenever Trump needs to persuade other stakeholders, he always begins with a ridiculous proposal, and then he can retreat, such as the previous Gaza plan, annexing Canada, and now the strategic reserves Ada. So, in Trump’s “chess game”, this means that he tells Congress: If you do not agree to the Bitcoin Reserve, I will suggest more outrageous conditions.

Alex Show, the research partner in Mint Ventures, indicated that since Trump took office, Sol, XRP and Ada have repeatedly interacted with Mar-A-Lago and supported Trump to the public, such as donating to the opening box. The private transfer of interests may be more complicated, and Trump’s statement can be considered a somewhat return to this support, providing him with a “advertising space” within the scope of the president’s authority.

2. It cannot be reliable to include assets such as Ada and XRP in the national reserve

In the long run, it is not only possible to include assets like ADA and XRP in the national reserve, but it will also weaken the risk of bitcoin as a strategic reserve asset, which makes it unlikely that relevant legislation will be passed at the federal level. It is one thing to allow and promote the work group, but it is actually exciting. The simple feature of Republicans in the House of Representatives means almost impossible to promote legislation to include Sol, Ada and XRP in the national reserve.

Nowadays, the only realistic possibility is that Trump goes beyond Congress and uses administrative means to allow the Treasury directly to create a national sovereign box to buy these assets. However, the feasibility of this step is doubtful. How much political and economic benefits that Sol, XRP and Ada need to provide this president by requesting purchase with taxpayer money?

As the founder of AAVE Stani Kulechov said: “Sarah news: strategic encryption reserves in business; bad news: lack of Defi; ugly news: XRP, Sol and Ada.

Dennis Porter, co -founder and CEO of the Satoshi Action Fund (SAF), launched a survey of X, asking, “What are the assets that belong to the strategic encryption reserves?” The survey aims to collect the opinions of the encryption community about digital assets that should be considered strategic reserves.

As of now, there are 15,367 votes in total, with 47.7 % only BTC insert support; 33.6 % BTC, ETH, XRP and SOL Insert; 15.6 % to support the inclusion of the ten best encoded currencies depending on the market value; And 3.1 % support for inserting all cryptocurrencies and coins.

There is no need to say a lot about the direction of public opinion.

3. The upper trend? But retailers have not yet returned

In the face of such a market, although they scream, “the bull market returns, returns soon!” Retail investors who have suffered from several rounds of the bulls market have long learned to be cautious about sudden storms. They are also concerned that this excessive market will witness another black gowry.

In the view of the Crypto Kol @ Dtdt666 view, “Although the market has risen in the short term, the current cryptocurrency circuit shook it. This sentence clearly describes the current market structure – the decentralized encryption world is originally reinstated by capital and political forces, and it seems that the Trump family has become the most important player in this game.

But the question is, does this mutation in the market depend on political courses that really lead to the long -term development of the encryption industry? Although Trump’s statements have strengthened the market’s feelings for a short period, they caused the coding industry to think.

After all, the independent Crypto novel and the growth of the budget wheel.