Donald J Trump announces that he wants cryptocurrencies such as the US reserve bitcoin, Ethereum, Ripple (XRP), solana and cardano in the United States (US) federal reserve.
– Trump declares he wants Bitcoin (btc), Ether (eth), Solana (sol),Ripple (xrp), Cardano (ada) in US strategic reserve
– The price of btc and eth increase by over 10% since the announcement, you can buy bitcoin or other cryptocurrencies on the Abarai platform with just a few clicks
– Trump wants to create a favorable environment for cryptocurrencies
On Sunday March 2, 2025, US President Donald Trump announced on social media that the US government will create a strategic reserve of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL) and Cardano (ADA). This news has sparked a rapid rise in the crypto market, with each of the aforementioned coins increasing significantly in value. US Bitcoin reserve is a global topic
How has the announcement influenced the crypto markets?
Within less than an hour of the announcement, Bitcoin surged more than 11% to $94,164, while Ethereum climbed 13% to $2,516. Globally, the crypto market added more than $300 billion to its total capitalization, according to data from CoinGecko. Please keep in mind that these sudden price movements are not necessarily future trends, but rather momentary speculation
Later, Trump clarified that Bitcoin and Ethereum will be the “heart of the reserve”, emphasizing the importance of these two digital assets.
The origin of the idea of the US Bitcoin reserve
The concept of a strategic Bitcoin reserve was first mentioned by Trump last summer at the Bitcoin 2024 conference in Nashville. There, he suggested that the US should keep all Bitcoins it already owns or will acquire in the future. Remember that you can buy bitcoins in seconds on the Abarai platform. The most user-friendly platform in Romania and the only place where you can get phone support in Romanian. Call the support team if you have problems finalizing a cryptocurrency transaction.
At the same event, Senator Cynthia Lummis of Wyoming proposed the creation of a national bitcoin reserve, an idea that has begun to gain increasing support since Trump’s re-election in November. Trump said in a speech that the US would be the cryptocurrency capital of the planet.
Crypto community reactions
Trump’s announcement was met with mixed reactions in the industry.
🔹 Proponents of the crypto reserve believe it will provide stability and protection against traditional financial market volatility 🔹 Critics say only Bitcoin should be included because it is the most tested and decentralized cryptocurrency. 🔹 O thers fear that such a reserve could hurt the US dollar or that a future administration could quickly sell cryptocurrencies to cover budget spending.
Adam Blumberg, co-founder of Enclave Group, said,“I don’t like the idea of the US government or any government owning the most decentralized asset in existence. That’s not the purpose Bitcoin was created for and puts too much power in the hands of the state.” that’s one opinion on the US Bitcoin reserve
What’s next?
Although Trump signed an executive order on digital assets in January, it’s still unclear how the crypto reserve will be implemented and whether it will include only bitcoin or other digital currencies.
Currently, the market has reacted positively to the news, but it remains to be seen how this initiative will evolve and what impact it will have on the future of cryptocurrencies in the US and globally. If you want to buy cryptocurrencies or sell, the only non-custodial exchange platform in Romania is at your disposal, Abaraiis a service at your disposal.