Non -strategic encryption reserve, Donald Trump

Donald Trump raised riots in trading cryptocurrency and favoritism accusations on Sunday after identifying many coins that may appear in the future American strategic coding reserves. Besides Bitcoin, Trump said that XRP, Solana, Cardano and Ether will be considered inserted.

“The American encryption reserves will work to raise this critical industry after years of corrupt attacks conducted by the Biden administration, which is why my executive request in digital assets directed the presidential work group to go foot mail Sunday.

It is clear that BTC and ETH, like other cryptocurrencies, will be the heart of the reserve. I also love bitcoin and ethereum! ” he Add After two hours, perhaps to satisfy the tribes he forgot to elite.

and Executive order In January, Trump has already determined that cryptocurrencies, unlike Bitcoin, will be included in the reserve, but the president had previously not specified any currencies under study. (The administration has not yet confirmed the size of the reserve, or where the coins will come from.)

Upon seizing this vaccine for new information, encryption traders accumulated in the metal currencies set by Trump, which led to an acute but temporary price stumbling range between 9 to 65 percent. Metal currencies have mostly returned to almost the same price as it was before the advertisement.

In the encryption circles, at the same time, the question became: Why did Trump chose these private coins? Bitcoin reserves are predicted on The already formal assumption The price of bitcoin always will compensate for the energy -off power. But what makes these other coins – which have very volatile prices – “strategy”?

The White House press office did not immediately respond to the comment.

Some members of the encryption industry, especially BitcoinTrump’s decision -making was suspected of amounting to the amounts of money delivered by certain encryption companies in the 2024 US elections.

In the operation to the elections, encryption work More than $ 150 million has been transferred In the super -political work committees that were established to support pro -Congress candidates, many of whom are republicans. Among the most generous donors, the Ripple Border Payments Company, whose services depend on XRP, A16Z Investment Capital, which had previously been I invested in SolanaAnd the Consense Software, runs it One of the founders Ethereum. So something like this in encryption circuits, and at the same time, the question has become: Why did Trump chose these private coins? Bitcoin reserves depends on the assumption that already gives up that the high price of Bitcoin will compensate for the losses of spending caused by inflation. But what makes these other coins – which have very volatile prices – “strategy”?

“In the end, I think the government will understand that it does not make sense to guarantee a company icon on another in a strategic reserve. Korean Klepsen, the founder of the Bitcoin trading platform claims only to be evaluated as a strategic asset,“ Bitcoin does not have a company to supervise, and it is higher than the tape that is evaluated as a strategic asset. ”“ If politicians have absolutely to block its services from the last election session to The donors in the encryption industry, they may add altcoins to a sovereign wealth box. “