In this context, cryptocurrencies react with strong increases of up to almost 70%of Cardano’s hand, followed by Ripple (32.1%), Solana (23.1%), Stellar (17.1%) and Hedera (11%).
The president of the United States, Donald Trump, He announced that the president’s working group on digital assets received instructions to include XRP, Solana and Cardano in the Strategic cryptocurrency reserve of the United States.
Trump previously promised to establish aA “Bitcoin National Strategic Reserve” At the 2024 Bitcoin Conference in Nashville, Tennessee. In his opening announcement that filled the industry with expectations, he said that if he was president, he was going to conserve 100% of the entire bitcoin that the Government currently owns.
In this context, cryptocurrencies react with strong increases of up to almost 70%of Cardano’s hand, followed by Ripple (32.1%), Solana (23.1%), Stellar (17.1%) and Hedera (11%). Meanwhile, Bitcoin shoots more than 7% and exceeds US $ 91,000 for the first time in five days. Ethereum, advances 11.5% to US $ 2,400.
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Donald Trump and his plans for Bitcoin: how would the BTC strategic reserve work
The proposal to create a strategic Bitcoin reserve in the US is a concept that, although still in speculation phase, Open a door to reflection on how digital assets They could be integrated into the economic strategies of the countries.
Historically, strategic reserves, like gold or foreign currencies, They played a key role in the financial stability of nations, functioning as a mattress in the face of economic crises or exchange rate fluctuations. In this sense, including bitcoin in the mixture of reservations would be a step towards the diversification of these assets, considering their growing relevance as an alternative refuge in times of global economic uncertainty.
However, the idea of a Bitcoin reserve Raise a series of questions about its implementation. One of the most relevant is what authority would be responsible for managing these assets, and how your purchase would be financed. The possibility of acquiring bitcoin by selling other assets, as gold or bonds, or even through debt issuancewould open a debate about the implications of these decisions in monetary policy and national debt. This approach, known as “print money”, could have effects on inflation and confidence in the dollar.
Source: Ambito
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