#BTC, ETH, SOL, XRP, ADA Included in Strategic Reserves

On March 2, 2025, President Donald Trump shocked the financial world by announcing the creation of strategic reserves of the US cryptocurrency. This move marked a significant shift in the government's policy towards digital assets.
Announcement and Market Impact
Initially, Trump mentioned that XRP, Solana (SOL), and Cardano (ADA) would be included in this strategic reserve. This announcement caused a significant price surge:
- XRP: Rose from $2.23 to $2.99, increasing the market capitalization by $44 billion.
- SOL: Increased from $140 to $168.
- ADA: Jumped from $0.68 to close to $1.
Not long before that, Trump added Bitcoin (BTC) and Ethereum (ETH) to the reserve, causing further growth:
- BTC: Jumped by 9% to $93,000, increasing the market capitalization by $166 billion.
- ETH: Increased by more than 10%, reaching $2,433.8.
Long-term impact on the cryptocurrency market
The U.S. government's buildup of strategic cryptocurrency reserves could have several long-term implications:
1. Legitimization and acceptance: Government support can increase the legitimacy of cryptocurrency assets, promoting their wider acceptance by both institutions and individuals.
2. Price stability: With the government as a significant holder, it is possible to reduce price volatility, which creates a more stable market.
3. Clearer regulation: This step can contribute to the development of a more clear regulatory framework, providing guidance for industry participants and investors.
Cryptocurrency meeting at the White House
The planned cryptocurrency meeting at the White House next Friday is expected to provide additional insight into the direction of government policy. Some important signals that may emerge include:
- Tax policy: Discussion of how cryptocurrency assets will be taxed.
- DeFi Regulation: The government's approach to decentralized finance.
- Security and Fraud: Steps to protect investors from fraudulent schemes.
Potential addition of a cryptocurrency asset to national reserves
Although only five assets have been announced at the moment, there is a possibility of adding other cryptocurrency assets to the national reserve in the future. Factors that may influence this addition include:
- Market Capitalization: Assets with a large market value may be prioritized.
- Technologies and utilities: Projects with innovative technology and real-world use cases can be considered.
- Security: Assets with a reliable security history are more often chosen.
Overall, this move signifies the beginning of a new era in the relationship between the government and digital assets, with the potential for significant impact on the future of the cryptocurrency industry.