Bitcoin, Ether, XRP, Solana, and Cardano will be included in a U.S. strategic crypto reserve, fueling a $300 billion market surge.
U.S. President Donald Trump revealed on Sunday that Bitcoin, Ether, XRP, Solana, and Cardano will be part of a newly established U.S. strategic crypto reserve, triggering a sharp rally across digital assets.
Trump confirmed in a Truth Social post that Bitcoin and Ethereum will also be “at the heart of the Reserve,” reinforcing their central role in the initiative.
The market responded swiftly, with Bitcoin surging over 11% to $94,164 and Ethereum jumping 13% to $2,516. XRP, Solana, and Cardano saw even larger gains, with XRP up 31%, Solana climbing 15%, and Cardano soaring 69%, according to CoinGecko.
Trump’s post sparks mixed opinions among industry and policy experts
The announcement drew mixed reactions from financial analysts, policymakers, and crypto leaders. Federico Brokate, head of U.S. business at crypto investment firm 21Shares, viewed the move as a pivotal moment for the industry.
“This signals a shift toward active participation in the crypto economy by the U.S. government. It could accelerate institutional adoption, provide greater regulatory clarity, and strengthen the U.S.’s leadership in digital asset innovation,” Brokate said.
On the other hand, James Butterfill, head of research at digital asset management firm CoinShares, expressed skepticism about assets beyond Bitcoin being part of a national reserve.
“Unlike Bitcoin, these assets are more akin to tech investments. The announcement suggests a more patriotic stance toward the broader crypto technology space, with little regard for the fundamental qualities of these assets,” Butterfill noted.
Even Bitcoin skeptic Peter Schiff questioned the logic behind adding XRP, arguing that its purpose and value in such a reserve remain unclear.
Trump’s crypto reserve plan may not be “anywhere near as bullish” as investors think
While the crypto industry welcomed Trump’s initiative, experts remain divided on its execution.
Some believe it requires congressional approval, while others argue it could be set up through the U.S. Treasury’s Exchange Stabilization Fund. There are also concerns over how the government will finance the reserve.
Tony Sycamore, market analyst at financial services company IG, pointed out in a March 2 X post that if the reserve is formed using seized crypto assets rather than new purchases, the impact on markets may be less significant than investors hope.
Despite these uncertainties, Trump’s stance has fueled optimism, with analysts predicting increased institutional adoption if regulatory barriers ease.
The move marks a significant shift in U.S. government policy toward digital assets, with Trump aligning himself with the crypto industry after years of regulatory crackdowns under the Biden administration.
Reaffirming his commitment, Trump declared on his Trust Social post that he “will make sure the U.S. is the Crypto Capital of the World.”
