Trump's Cryptocurrency Grand Plan: Revolution or Bubble?
Trump's Cryptocurrency Strategic Reserve Plan
Core Policy: Trump announces the inclusion of Bitcoin, Ethereum, and others into the United States' cryptocurrency strategic reserves, with BTC and ETH taking center stage. This is based on the January 2025 'Digital Asset Executive Order', but specific operational details are yet to be released.
Market Reaction: Upon the announcement, prices of $BTC , ETH, and others skyrocketed. However, the close ties between $SOL , $XRP , ADA, and Trump's team raised suspicions.
Legislative Challenges: Progress varies at the state level, while federal legislation faces challenges. The Trump administration plans to establish regulatory tone through a White House cryptocurrency summit.
Global Impact: This move by the U.S. may trigger a global imitation, but currently, other countries are only at the discussion stage.
Future Trends: The market anticipates policy details from the summit on March 7. Cobo's founder, Shen Yu, predicts that if the reserve bill passes, new capital inflows may occur in the second half of the year.
Summary: Trump's cryptocurrency plan is both a political statement and a market catalyst. However, its legal feasibility and long-term impact remain uncertain; whether the market frenzy can be sustained depends on policy details and the progress of state-level legislation.
