⚓ CRYPTO STOCKPILE: US President wants investors to stockpile crypto in a strategic reserve⚓
President Trump plans to establish a reliable and strategic cryptocurrency reserve that has initiated a major debate around digital assets. Trump's administration has been far more friendly to cryptocurrency than previous presidents.
The choose tokens include Bitcoin, Ether, ada, XRP, and Solana.
However, the article will provide a rundown of the plan, the pushback, and how it works.
The US President claims that the reserve would has a potential of turning America into the “Crypto Capital of the World.” The idea is that the Federal Government would hold a certain amount of tokens similar to the gold stored at Fort Knox.
Similarly, investors seem to support Trump's Reserve Plan but the coins surged immediately after the announcement. Some believe that crypto is different to assets countries normally stockpile. The commonly stockpiled assets include: China's pork reserve, Canada's mapple syrup reserve, and the US petroleum reserve.
Trump visions the reserve to serve as a hedge against inflation because the coins maintain their values better than the dollar. The president suggests that the reserve can help America dominate the global crypto market and be a global leader in financial innovations such as blockchain. Moreover, the president called it “nothing short of a financial revolution.”