Various digital currencies experienced price surges after President Donald Trump hinted at the creation of a U.S. strategic reserve for cryptocurrencies like Bitcoin, Ripple (XRP), Ethereum, and others through his social media posts. The President has expressed interest in setting up such a reserve within our nation.
On March 2nd, 2025, former US President Donald Trump unveiled his vision for a diversified Digital Asset Reserve on his Truth social media platform. This new concept diverges from Trump’s terminology used in 2024, where he referred to it as a digital hoard.
As a gaming enthusiast, I’m excited to share the news about my vision for the future of cryptocurrency. After years of seemingly unfair attacks on this burgeoning industry by some quarters, I’ve taken action. My Executive Order on Digital Assets has set things in motion, directing the Presidential Working Group to establish a Strategic Crypto Reserve, which includes prominent coins like XRP, SOL, and ADA. My goal is clear: I want the U.S. to lead the world in cryptocurrency, making it the Crypto Capital of the World. We’re not just making America great again – we’re making it a beacon for digital innovation!
As a gaming enthusiast, I’d put it like this: “I recently made it clear that I aim to position Bitcoin and Ethereum as central pillars within our national currency reserves.
Indeed, it’s clear that Bitcoin (BTC) and Ethereum (ETH), along with other significant cryptocurrencies, will serve as the core of our Reserve. By the way, I’m quite fond of both Bitcoin and Ethereum too!
CNBC reported on the announcement, highlighting differing opinions within the industry regarding Trump’s proposed cryptocurrency reserve. According to Tanaya Macheel, there is a split perspective: some argue for exclusively holding Bitcoin, while others are against the idea of the U.S. maintaining a cryptocurrency reserve altogether.
News about the crypto market has led to a surge in the prices of various cryptocurrencies. According to Macheel’s report, XRP experienced a 33% spike, Ether gained 13%, and Bitcoin registered a 10% rise. It was only last January when Tesla announced a $600 million profit from its Bitcoin investments.
Keep an eye on Shacknews for updates about the current state of the cryptocurrency market, along with any news concerning the U.S.’s potential creation of a strategic reserve for digital currencies.
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2025-03-03 06:57