Trump plans to have a crypto reserve mostly in Bitcoin, larger than expected
From Cointelegraph
March 5, 2025 9:30 pm:
US President Donald Trump’s planned crypto reserve will mainly consist of Bitcoin, despite including other altcoins. Bitwise’s CIO Matt Hougan stated that the reserve will be larger than expected and Bitcoin will dominate. Market reactions were mixed, with Bitcoin’s price fluctuating due to Trump’s tariff delays. Some experts argue that only Bitcoin is suitable for a strategic reserve.
Trump’s move towards a diversified crypto reserve concerns industry commentators. Coinbase CEO Brian Armstrong believes Bitcoin is the only viable option. Despite the initial confusion, Hougan remains bullish on the market’s reaction. Trump’s proposals are subject to change, especially after industry input at the upcoming White House crypto summit. Commerce Secretary Lutnick hinted at a special status for Bitcoin in the reserve.
There is a slim chance of pushback leading to the reserve’s cancellation or restriction to seized assets. If the US establishes a crypto reserve, other countries may follow suit. Hougan predicts that the US won’t sell any crypto it acquires, similar to its gold reserves. Democratic leaders are unlikely to oppose this move due to crypto’s popularity among voters.
Hougan expects the market to eventually embrace Trump’s crypto reserve plan. He highlights the GOP’s gains from supporting crypto in the last election. Despite initial volatility, the market’s optimism is justified. Magazine articles raise concerns about potential conflicts of interest in Trump’s crypto ventures.
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