President Trump's announcement that the U.S. government will include cryptocurrencies in a strategic reserve has made it more likely that a U.S. crypto strategic reserve will be established, according to a research report from Citi. The President initially included XRP, solana, and cardano in the reserve, but later added bitcoin and ether. The U.S. government currently holds around $19 billion in cryptocurrencies, mostly in bitcoin, compared to $750 billion in gold. Citi highlighted the lack of clear selection criteria for inclusion in the reserve and emphasized the potential for pre-announced investments to impact prices. Broker Bernstein suggested that the Federal Reserve could use debt or sell gold reserves to fund cryptocurrency purchases for the reserve.



Other News from Today