Cryptocurrencies are one of the best performing assets as compared to gold and the stock market. Looking at the growth of Bitcoin, Governments around the globe are adopting Bitcoin in one of another form. As per President Trump's promise, the US will create a Bitcoin Strategic reserve. For the US crypto reserve, Morgan Creek Capital CEO Mark Yusko suggests coins like XRP, ADA, and HBAR.
Due to this bullish news, Bitcoin hit an all-time high at $109,114.88, breaking its earlier record of $108,000 on Jan 20, 2025. Similarly, an innovative project like PlutoChain, a Bitcoin Layer 2 Solution may be worth looking at because it could expand Bitcoin’s capabilities in areas such as DeFi and more.
CEO Mark Yusko Proposes Ripple, Cardano, and Hedera for a Diversified Crypto Reserve
In this US presidential election, Bitcoin and crypto friendly policies are at the center stage along with other issues. As per President Trump's promise, the US will create a Bitcoin Strategic Reserve. Trump signs executive order promoting crypto, paving the way for digital asset stockpile. Morgan Creek Capital CEO Yusko said the Trump regime could create a wider strategic crypto reserve beyond Bitcoin. He suggests cryptocurrencies like Ripple (XRP), Cardano (ADA) and Hedera (HBAR) could bring diversification to the reserve.
XRP To Be Used As The Base Layer
Morgan Creek Capital Management CEO Yusko has stated that XRP could be used as a base layer for national banking.
XRP is currently trading at $3.14. From the Nov of last year, XRP has been in bullish mode. The chart patterns show that XRP is making a triangle pattern and at the breakout, it is set to move upwards. In the past, XRP prices had similar momentum after the triangle breakout. XRP price has surged about 51%. The 20 EMA Orange line is also near the same zone and its working as an XRP price support for a long time and it looks to be holding and pushing upwards.
ADA’s Focus On Sustainability And Research
Trump has shown the idea of including coins founded in the United States in his strategic reserve. ADA has taken pride in ensuring that all of the technology developed goes through peer-reviewed research. The project also aims to redistribute power and help create a more secure, transparent, and fair society.
After falling from the recent high, ADA is following a parallel price momentum. Trading at 0.99, ADA is currently at the bottom of the below trendline. This could be a good opportunity to grab ADA as it could pump anytime if ADA news for strategic reserve comes out.
HBAR Could Be A Strong Contender For The US Crypto Reserve
As per CEO Mark Yusko, HBAR is the coin that has potential like ADA and XRP to be included in the strategic reserve.
HBAR started its rally in Dec 2024, and the price has been bullish since then. HBAR has tried to break the $0.4 resistance twice but failed. On the third time, HBAR could break the resistance and continue the bullish price rally. After the breakout, HBAR could react to the target of $0.5 in no time.