ADA, SOL, XRP rally after Trump’s crypto reserve announcement
While the idea of a reserve had been floated before, this marked the first time specific altcoins were highlighted, analysts told Cointelegraph.
While the idea of a reserve had been floated before, this marked the first time specific altcoins were highlighted, analysts told Cointelegraph.
I see tweets such as this one pops up now and then : https://x.com/GoingParabolic/status/1896107369131540792 This was even posted here a day or so ago about the insider/whale who made a huge long trade and the screenshot showed the details of the trade. How do people actually see these details? Everywhere I look (bybit, coinglass, oxfun…
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Solana is up today as a combination of fundamental and technical factors paint a bullish outlook for SOL price.
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World Gold Council data indicates that over 600 tons of gold have entered the vaults of New York since December. John Reade, the council’s market strategist for Asia and Europe, explained that this is an extraordinary situation in anticipation of a possible total tariff implementation. New York Booms With Gold: Over 600 Tons Imported This […]
Brian Armstrong, CEO of Coinbase, feels that in building its crypto strategic reserve, the United States should concentrate on Bitcoin. Compared to gold, he says it is the best option. Moreover, he thinks it would simplify things and reduce the risks involved with possessing different kinds of cryptocurrency. Related Reading: XRP Sky-High Target: Analyst Predicts $385 – Here’s The Case Bitcoin As The Strongest Choice Armstrong said that the long-term reserve that is most safe is Bitcoin. Unlike other cryptocurrencies, Bitcoin is generally considered as a reliable store of value with strong fundamentals and stability. He pointed out that Bitcoin is the most established digital asset according to governments and big financial institutions. His declaration comes as the US prepares to establish a crypto strategic reserve. The reserve, which might comprise of Bitcoin, Ethereum, Solana, Cardano, and XRP, aims to boost the country’s position in the cryptocurrency market. United States President Donald Trump’s latest declaration regarding the reserve has sparked discussions over which other assets should be included. 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 – simplest, and clear story as successor to gold 2. If folks wanted more variety, you could do a market cap weighted index of crypto… https://t.co/jv8Gcn8N2S — Brian Armstrong (@brian_armstrong) March 3, 2025 Alternative Approach Based On Market Share While Armstrong supports a Bitcoin-only reserve, he also offers another option. He believes the US might establish a reserve based on market capitalization. This would imply holding different cryptocurrencies in proportion to their market share. For example, if Bitcoin accounts for 50% of the market and Ethereum for 20%, the reserve would reflect this split. This approach would contain a variety of assets while still mainly favoring Bitcoin. It would also adapt over time as market dynamics change. Government Plans Still Unclear The US government has not made a final decision on the reserve’s structure. Officials have not verified whether Bitcoin will be the sole asset or a combination of cryptocurrencies. The debate continues, with differing views on the appropriate strategy. Some people say that a diversified reserve is safer because it spreads risk across more than one commodity. Some people agree with Armstrong and say that Bitcoin by itself would be a safer and more reliable choice. The final decision could affect how the US government deals with cryptocurrency in the coming years. Related Reading: Solana Jumps 9% As Whales Quietly Accumulate Millions—Details Bitcoin’s Growing Role In National Reserves The concept of Bitcoin as a reserve asset is gaining popularity internationally. Some countries, including El Salvador, have already added the top crypto to their national reserves. If the United States takes a similar approach, it may affect how other countries treat digital assets. Armstrong’s stance reflects a broader shift in how governments and organizations regard Bitcoin. Despite the ongoing discussion, Bitcoin’s status as the dominant digital asset remains solid. Featured image from Gemini Imagen, chart from TradingView
The new token triggered tokenomics and cybersecurity concerns among industry watchers following the latest celebrity-endorsed memecoin scandals.
The new token triggered tokenomics and cybersecurity concerns among industry watchers following the latest celebrity-endorsed memecoin scandals.
Anatoly Yakovenko, co-founder of the Solana project, has recently referred to the current state of bitcoin and its utility. On social media, Yakovenko stated that BTC had no value and could be considered insurance “in the best light.” He explained that there was a 1% chance for the collapse of a superpower nation to happen […]
CoinShares cited the Bybit hack, more hawkish US Fed rhetoric and the previous $29 billion buying strike as reasons for the record-breaking weekly outflows.