BUSINESS/FINANCE
Trump’s Crypto Move, A Game Changer for Digital Economy?
President Donald Trump has announced the creation of the “U.S. Strategic Crypto Reserve,” including five digital assets: Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). This decision, made under his January executive order, has significantly impacted the crypto market.
Following the announcement, Bitcoin surged 11% to $94,164, while Ethereum jumped 13% to $2,516. The overall crypto market capitalization rose by over $300 billion.
Analysts believe this move will strengthen America’s leadership in the crypto economy. According to Reuters, Federico Broccat of “21Shares” stated that institutional crypto adoption will accelerate, and regulatory clarity will improve.
Financial experts suggest that if Trump’s administration provides a clear regulatory framework for crypto, Bitcoin could reach $500,000. However, some legal analysts argue that Congress may need to approve the formation of such a crypto reserve.
Will Trump’s crypto policy revolutionize the digital economy, or is it just a political move? The coming days will reveal its true impact.