#AmericanBitcoinLaunch

Trump Finally Announces Bitcoin Reserve, But Allies Criticize Measure

On Sunday (3), President Donald Trump stated that he will oversee the creation of a strategic cryptocurrency reserve, composed of Bitcoin, Ethereum, XRP, Solana, and Cardano. According to him, this would be a way to "ensure that the U.S. is the Global Capital of Cryptocurrencies," repeating his campaign promises to become the most pro-crypto president in history.

However, the announcement faced an unusual level of skepticism among major figures in the crypto and technology sector, with much criticism focused on the decision to include assets beyond Bitcoin in the fund, as well as the question of whether the government's purchase of cryptocurrencies exceeds traditional limits of what it would be within a free market.