A series of cryptocurrencies have surged after US President Donald Trump announced a strategic cryptocurrency reserve fund, including Bitcoin (BTC), ETH, XRP, SOL, and ADA.
In a post on Truth Social, President Trump said the US Crypto Reserve would help elevate the crypto industry. “I guarantee the US will become the Crypto Capital of the World,” he wrote. “Obviously, BTC and ETH and other valuable cryptocurrencies will be at the center of the reserve. I love Bitcoin and Ethereum.”
XRP price increased by 33% after the announcement, while SOL increased by 25%, ADA increased by more than 60%. Bitcoin is currently trading around $93,000, while ETH is around $2,500.
Trump will attend the first-ever White House Crypto Summit on March 7, where he will provide more information on the direction of the cryptocurrency reserve plan.
This is the first time the US President has expressed support for a “reserve fund” instead of a “stockpile.” With a fund, active purchases will occur regularly, while the stockpile simply holds and does not buy or sell.
Trump raised the idea of a Bitcoin reserve at the Bitcoin 2024 event last summer, where Senator Cynthia Lummis introduced a proposal to create a strategic cryptocurrency reserve.
After Mr. Trump won the election in November 2024, optimism pushed cryptocurrency prices to all-time highs.
(According to CNBC)
Source: https://vietnamnet.vn/ong-trump-dua-bitcoin-eth-vao-quy-du-tru-tien-ma-hoa-chien-luoc-2376733.html
Comment (0)