Trump coin names in Strategic Cripto Reserve

The cryptocurrency market gathered on Sunday after President Donald Trump announced creating a strategic national cryptic reserve At the social media platform, the truth is the social, which is the owner.

The reserve is set to include Bitcoin, Ether, Ripple XRP, Solana Sol and Cardano’s Adu, he wrote. It will raise this critical industry after multi-year corrupt attacks by the Trump focuses on “Max (ing) sure now is the Crypto Capital of the world. “

The announcement followed Friday in Bitcoin below $ 80,000, the lowest value of Coin in a few months. Bitcoin climbed over $ 94,000 weeks and is It’s worth $ 90,256 From 12:30 on Monday Monday.

Of the five named, Ada experienced the largest set of percent, jumping from 0.65 to $ 1.08. It is worth $ 0.97 from 11:30 and Monday.

All five coins jumped on Sunday and has been cooled since then.

Trump first teased the idea National Bitcoin Stockpile on Event Bitcoin 2024 in Nashville last summer.

Shortly after returning to the White House, he issued an executable The establishment of a President’s Working Group in the Markets of Digital Funds for Evaluation of “potential criterion and maintenance of the National Inventory of Digital Assets and propose criteria for the establishment of such a stock” potentially derived from the crypting of the Government.

The working group is also a task to propose a federal regulatory framework regulating the issuance and operation of digital property.

Although cryptocurrencies are the subject news and supervision over naked years, digital assets still not widely accepted as a method of payment in the US

CEO Coinbase Brian Armstrong wrote in Sunday post office on Social Media Code K If it was “still forming an opinion on the distribution of property,” but he believed that “only Bitcoin would probably be the best option – the simplest story as a successor to gold.”

“If people wanted more variety, you could make an index weighted on the crypto funds to not encourage it,” but only Bitcoin is only “probably the easiest”, he wrote.

Andrew O’Neill, the Digital Association Management Director at S & P Global assessments, noticed that “(I) N context of investing in sovereign, narrative for all parts in BTC similar to gold.”

“In contrast, Ether (Ether) and Sol (Solana) focusing on the adoption of the technological platform, while Ada (Cardano) and KSRP (Ripple) are more speculative due to lower adoption,” he wrote in a statement via email for banking. “Investing in this property differs significantly from BTC and technological investment is less common for sovereign.”

The Trump proposal lacks details about the size, time and whether it will manage federal reserves or other entity, O’Neill noted.

US government Waiting for more than 18 billion dollars in CRYPTOIncluding nearly 200,000 Bitcoin, according to the Cripto research company Arkham Intelligence.