What's happening in the crypto market with Trump is unbelievable!
He announced that he will establish a strategic reserve of Bitcoin, meaning the U.S. government will store about 200,000 Bitcoins that were previously reserved, and this is a step we haven't seen before.
Not only that, but Trump also said they will add five cryptocurrencies to this reserve, which are: Bitcoin, Ethereum, XRP, Solana, and Cardano. After this announcement, prices soared, and Bitcoin reached over $90,000!
To add fuel to the fire, Trump issued a decision preventing the Federal Reserve from developing a Central Bank Digital Currency (CBDC), stating that he wants to maintain economic freedom and doesn't want anything controlling the market.
All these moves indicate that America intends to strongly support cryptocurrencies, and we might see lighter regulations in the near future, especially with the cryptocurrencies that Trump is not interested in.
