#CryptoMarketWatch
What is Trump's goal in creating a strategic reserve of Bitcoin and the impact of this decision on prices?
During his election campaign at the end of last year, U.S. President "Donald Trump" made many promises regarding the cryptocurrency industry and emphasized his strong support for digital currencies, which boosted the prices of digital currencies, especially Bitcoin at that time, achieving record gains and reaching unprecedented record levels.
"Trump" announced the names of five digital currencies he intends to include in the new strategic reserve: "Bitcoin," "Ethereum," "Solana," "Cardano," and "Ripple."
This decision also aims to put the U.S. government in a better position to influence global regulations related to the cryptocurrency sector by holding a diverse portfolio of digital currencies, and for other countries to move towards creating similar reserves, which strongly enhances the cryptocurrency industry.
Trump had proposed at the "Bitcoin 2024" conference the idea of creating a strategic stockpile of Bitcoin in order to retain 100% of all digital currencies currently owned by the United States or acquired in the future.
Analysts believe that the U.S. administration led by "Donald Trump" has well understood the role that digital currencies play in shaping the future of global trade, investment, and global technology.