#HEADWINDS FACING TRUMP’S ‘CRYPTO RESERVE’ AMIDST SHARP BACKLASH FROM BILLIONARE BUDDIES
Barely 24 hours after the dramatic announcement on ‘Crypto Strategic Reserve’ creation, is the plan in doubt.
Heavy hitters in the TECH WORLD are critical of President Trump’s interference going against the principle minimizing government intervention in the economy. They also argue only “$BTC ” qualifies to be included in this reserve because it’s the standard measure in Crypto world.
The worrying thing is those against these project are the president’s core supporter Billionaires including Brian Armstrong, with a net worth of $9.6 billion making him the richest American in crypto.
After surging to 95,000 BTC is now down while all the coins listed by Trump are more than 10% down.
This now seems like a political movement to turn the tide on the recent SELL-OFFS to boost also personally it will definitely boost his investments (TRUMP COIN).
The inclusion of $XRP which was a key funder of $20 million to his campaign also points to certainly a CONFLICT OF INTEREST.
And now the criticism from, Billionaires : Andreessen Horowitz, Tyler Winklevoss , Armstrong, and Marc Andreessen will likely dent what was expected to be a period of growth in coins.