#TrumpCongressSpeech President Donald Trump has recently shifted his stance on cryptocurrencies. On March 2, 2025, he announced the establishment of a U.S. Crypto Strategic Reserve, aiming to position the United States as the "crypto capital of the world." This reserve is slated to include five cryptocurrencies: Bitcoin, Ethereum, XRP, Solana, and Cardano.

This announcement led to a significant surge in cryptocurrency prices. Bitcoin experienced a 10% increase, reaching approximately $94,821, while Ethereum saw a 12% rise. Ripple's XRP, Solana, and Cardano experienced even larger gains of 30%, 20%, and over 50%, respectively.

However, experts have expressed concerns regarding this initiative. Economists like Stephen Cecchetti from Brandeis International Business School have criticized the plan as "absurd" and risky, citing the volatility and unpredictability of cryptocurrencies. Additionally, questions remain about the funding sources, the reserve's size, and its potential impact on the dollar's global value.

Critics also argue that the reserve could disproportionately benefit cryptocurrency holders and donors, potentially undermining the U.S. dollar's status as the world's reserve currency. They highlight risks such as financial instability and the encouragement of illicit activities.

In summary, President Trump's current view on cryptocurrencies is supportive, as evidenced by his proposal to create a national crypto reserve. This marks a significant shift from his earlier skepticism towards digital assets. While the initiative aims to bolster the U.S. position in the crypto industry, it has sparked debates over its potential economic implications and strategic value.