Has Bitcoin Been Forgotten by Trump?
In his initial announcement, Trump stated that three major cryptocurrencies, namely XRP Ripple, Solana (SOL), and Cardano (ADA), would be included in the Strategic Crypto Reserve. He emphasized that these assets are part of the effort to make the United States the “crypto capital of the world.”
Surprisingly, in his first announcement, Trump did not mention Bitcoin (BTC) and Ethereum (ETH) — the two largest digital assets by market capitalization. However, shortly thereafter, he clarified that both assets would also be included in the reserve and become a core part of this policy strategy.
In a post on the Truth Social platform, Trump stated, “The US Crypto Reserve will lift this important industry after years of being corruptly attacked by the Biden administration.
Reported by Zycrypto, my executive order on digital assets directed the Presidential Working Group to move forward on the Strategic Crypto Reserve that includes XRP, SOL, and ADA. I will ensure the US becomes the crypto capital of the world.”
Bitcoin Enters Long-Term Strategy
Trump has also previously asserted his support for Bitcoin in his speech at the Bitcoin 2024 conference in Tennessee. He promised that if re-elected, his administration would hold all Bitcoin currently held or acquired by the federal government.
“My administration's policy is to hold 100% of all Bitcoin held or acquired by the government in the future,” he said.
Currently, based on data from Arkham, the US federal government holds at least $19 billion in Bitcoin and about $140 million in Ethereum.