Is this the moment that cements the US as the global crypto superpower?
Cryptocurrency prices skyrocketed on Sunday after US President Donald Trump unveiled a Crypto Strategic Reserve, naming Bitcoin, Ethereum, XRP, Solana, and Cardano as key assets. The move triggered a $300 billion market surge, with XRP, Solana, and Cardano spiking up to 62%, while Bitcoin and Ethereum climbed over 10%.
From Crypto Skeptic to Power Player
Once a fierce critic of digital currencies—calling Bitcoin a “scam” in 2021—Trump has completely flipped the script. He and Melania Trump have launched their own digital tokens, and now his administration is backing a national crypto stockpile.
His executive order, signed in January, tasked a working group with evaluating how the reserve would function, possibly using seized cryptocurrencies. However, experts are divided on whether this can be implemented without congressional approval.
“This is a massive shift,” said Federico Brokate, head of US business at 21Shares. “It signals the government is moving from regulation to participation—something that could fuel institutional adoption.”
Trump’s Crypto Revolution vs. Biden’s Crackdown
Trump’s bold move shatters Biden’s anti-crypto stance. Under Biden, the SEC waged war on digital assets, launching lawsuits against major crypto firms, including Coinbase. Since taking office, Trump has rolled back enforcement actions, clearing the path for a pro-crypto future.
The White House is set to host its first-ever Crypto Summit on Friday, where Trump is expected to unveil more details on the reserve’s structure and long-term strategy.
Bitcoin to $500,000?
With momentum building, analysts are making eye-popping predictions. Geoff Kendrick of Standard Chartered believes Bitcoin could hit $500,000 before Trump leaves office, shattering its previous all-time high of $109,071.
Hedge funds are currently the dominant crypto buyers, but banks and sovereign wealth funds are rapidly increasing their exposure. Many analysts believe the US could become the global leader in digital assets—if Trump’s plan succeeds.
A Defining Moment for Crypto
Trump’s Crypto Strategic Reserve could be a game-changer—or a political battleground. With markets rallying and policies shifting, all eyes are now on how this bold experiment unfolds.
Will this move make the US the Crypto Capital of the World, or will political and legal hurdles block its path? One thing is certain—the crypto world will never be the same again.
