After 3 March 2025 ▪
6
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Donald Trump caused an outrage to announce that a bitcoin strategic reserve would also include other cryptocurrencies.
Bitcoin – no crypto
This weekend we took part in lifting shields after the controversial tweet of the US President on his social network (social social):
The US Kryptos reserve will strengthen this important industry that has suffered from biden government for years. That is why my regulation on digital assets commands the presidential working group to move forward in the “crypto reserve, including XRP, Sol and Ada.
Face to face misunderstanding, Donald Trump said two hours later “BTC and ETH will of course be in the heart of the reserve.” I also love Bitcoin and Ethereum! »»
This announcement is surprising because the president only spoke “Bitcoin stock” During his campaign. This sudden inclusive attitude is less surprising when you know his son Eric Trump tweet in early February:
In my opinion, it is the right time to increase your exhibition in Ethereum. You will thank me later.
Tweet was then modified to remove the second sentence. The same day the family business World Liberty Financial He transferred more than $ 212 million in ETH to Coinbase Prime… Eric Trump holds World Liberty Financial shares and also has BTC, ETH, land and other cryptocurrencies.
Not to mention “Trump Coin” or “Melania Coin”, two whose collapse was Flash. Trump coin melted 80 % in less than a month.
Rain of criticism
Many people think that Donald Trump and his accompaniment or organize these pumps thank certain donors from his campaign. In addition, the White House advisor David Sacks is not his first attempt. The own confession of the “crypt tsar”.
In this video 2021, David Sacks and Chamath Paliapitiya boast of buying a huge amount of solana with the intention to turn them off on a small carrier. Solana was nicknamed at that time “Sam’s coin”, in honor of FTX CEO Sam Banmanfried, who even promoted her to his prison guards.
David Sachs defended himself by claiming that he had been destroyed all his “Direct Position including BTC, Sol and ETH” Before joining Trump’s government. However, he still has indirect positions through his shares at Bitwise Company, one of the flag products is “Bitwise 10 Crypto Index Fund” …
Even Peter Schiff felt obliged to go to the niche to defend bitcoins:
“Even though I am against it, I understand Raison d’être bitcoin reserves. We already have a gold reserve and because Bitcoin is digital gold, that is, gold, why not create a bitcoin reserve. But what is Raison d’être reserves XRP? Why would we need it? »»
Brian Armstrong, but CEO Casino Coinbase, was also very surprised. “Bitcoin would probably be the best choice.” Sales argument is the simplest and brightest as the successor of gold ”said to X.
Liquidity output …
In just 3 hours, the market capitalization of the cryptocurrency market increased by $ 300 billion. A good part of these earnings came from Bitcoins, which took over $ 94,000 without effort.
We were treated on the first day of $ 10,000 a day. The appearance is now turning to open the American Bitcoin ETF to restore $ 100,000.
Of course, the cryptocurrencies mentioned Donald Trump flew. Cardano (ADA) jumps +64 %, while XRP and Solan gained +30 %and +21 %. But wouldn’t it a reflection of a dead cat?
We are not unlikely to see Retropedage in the end. Donald Trump could make a request to make sure that Congress accepts at least a bitcoin reserve.
In addition, the Minister of Trade Howard Lutnick, who oversees the American sovereign fund, rather in the camp “Maximalists”. Bellows that fall as dry if a strategic reserve consists of 95 % of bitcoins…
Also, remember that Senator Cynthia Lummis is in charge of a strong banking senatorial commission is maximistic. His account, which provides the purchase of at least one million bitcoins, is called a “bitcoin act”, not a “crypto act”.
In this respect, be aware that Elon Musk recently followed the Senator to X and her companies Tesla and Starlink have exclusively bitcoins …
In short, be careful. Give up the euphoria for any other cryptocurrency than bitcoins remain dangerous. Don’t miss our article Bitcoin: The forecast of the river shock.
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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.