US President Donald Trump stormed Crypto World on Sunday night with the announcement of a crypto strategic reserve plan that includes XRP, Cardanos Ada and Solana’s sun – later added Bitcoin (BTC) and Ether (ETH) to the mixture.
Trump has discussed the idea of a strategic cryptor reserve since his presidential campaign in 2024. Shortly after joining in January, he signed a executive order that instructed a working group to evaluate the formation of a strategic cryptor reserve, but the order did not explicitly require the United States to create a direct.
The order said the working group for digital assets should “evaluate the potential creation and maintenance of a national digital asset warehouse.” Trump said on Sunday that the group should “move forward” with formal establishment of the reserve. The working group hosts a summit on Friday with the crypto industry and government representatives.
It was immediately busy with the markets as Ada and XRP shot up as much as 60%, and Bitcoin turned part of last week’s loss by one step above the $ 93,000 level. Dealers warn against increasing the exposure to the market after the sudden step, as concrete details on the reserve are completed, with all eyes on the first ever white house crypto summit planned for Mar.7.
While dealers remain focused on prices, here are crypto -industrial leaders say about the long -term implications and the impact of the possible strategic reserve plans.
Hunter Horely, CEO of BitWise
I imagined a strategic reserve would be just bitcoin. It makes most sense to me.
Many crypto assets have benefits, but what we are talking about here is not an American investment portfolio – we are talking about a reserve and Bitcoin is the undisputed value of the digital age.
Of course, I am grateful that the new administration is so constructive on the room. I look forward to learning more about thinking here.
Brad Garlinghouse, CEO of Ripple Labs
I’ve said this before – the crypto industry will reach our goals (and beyond) if we work together. Appreciate Crypto President @RealdonaldTrump’s vision of a Govt Digital Asset Reserve Representative for the Industry.
Maximalism is the enemy of industry progress. Glad to see Potus recognize that we are living in a multichain world and that we are finally moving past Bill Hinman and Biden -Administration’s Secs very broken thinking.
I will definitely continue to advance this while I was in Washington at the end of this week.
Brian Armstrong, CEO of Coinbase
Excited to learn more. Still forming an opinion on asset allocation but my current thinking is:
1. Just Bitcoin would probably be the best option – the simplest and clear story as the successor of gold.
2. If people wanted more variation, you could make a market capital -weighted index of crypto assets to keep it objective.
But probably option is # 1 easiest
Peter Schiff, Famous Gold Tyr and Bitcoin Critic
I get the rationale for a Bitcoin reserve. I don’t agree with that, but I’ll get it. We have a gold reserve. Bitcoin is digital gold, which is better than analogy gold. So let’s also create a Bitcoin reserve. But what is the rationale for an XRP reserve? Why the hell would we need it?
Arthur Hayes, founder of Bitmex and Maelstrom
Nothing new here. Just words. LMK when they get congressional approval to borrow money and or reassess the gold price higher. Without it, they have no money to buy #bitcoin and #Shitcoins.
Tracy Jin, COO of Mexc
This feature signalizes the recognition of Cryptocurrencies’ value and contribution to the national economy, their role in economic strategy and the growing recognition of Blockchain’s potential to drive innovation in the global shift to a digital economy.
The American crypto reserve could play an important role in stabilizing volatility, providing legitimacy and democratization of access to crypto assets. It can also pave the way for clearer regulatory guidelines that the most important industry players have long advocated.
Historically, strategic reserves have significantly driven the demand for raw materials such as raw oil and gold. Institutional and central bank interest for gold led to a 26% price increase in 2024, and a similar effect could be seen for crypto assets with strong technological foundations and applications in the real world.
