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Why Donald Trump Needs To Create A Strategic US Bitcoin Reserve
Donald Trump’s recent election victory has reignited discussions around his campaign promise to establish a strategic US Bitcoin reserve. Although the proposal remains unimplemented, it has sparked curiosity about whether this will actually happen, what such a BTC reserve could entail, and how it might function if brought to fruition.
The conversation, inspired by Donald Trump’s campaign promises to base Bitcoin as a centerpiece in US economic policy, outlined the current relevance of Bitcoin on the world stage and how it might compare to traditional assets such as gold. Anthony Pompliano, founder & CEO of Professional Capital Management and ardent supporter of Bitcoin, presented his thoughts about the United States and its potential as an adopter of Bitcoin to be held as a strategic BTC reserve.
Will Donald Trump Create The US Bitcoin Reserve? Pompliano Weighs In
Anthony Pompliano, founder & CEO of Professional Capital Management emphasized the strategic necessity of creating US Bitcoin Reserve, given how different countries, such as El Salvador and Bhutan, have already welcomed Bitcoin into their national reserves.
Pompliano signaled the need for urgency within the US to take action, stating that although Bhutan is currently not a major global economy, the country’s proactive approach toward Bitcoin can easily make it a significant player in the future. Bhutan’s BTC holdings just recently increased to over $1 billion.
The market expert also said the same goes for El Salvador, as it could become a global economy thanks to its Bitcoin exposure. Speaking further on the need to create the Bitcoin reserve, Pompliano said, “This asset (Bitcoin) is so asymmetric. If it continues to compound, it will translate into billions of dollars on their balance sheets while the US struggles with a growing national debt.”
During one of his pre-election speeches at the Bitcoin conference in July, Donald Trump promised that under his government, the US would retain all the Bitcoin in possession in order to create a US Bitcoin Reserve for the “good of all Americans”.
Even though there are still questions regarding the final outcome, the idea evolved into what has since become known among cryptocurrency enthusiasts as a strategic US Bitcoin reserve, with some, such as Senator Cynthia Lummis, proposing a gold sale to acquire up to 1M Bitcoins. At today’s market prices, such a BTC reserve would be worth more than $90 billion, placing the US as a hegemon in the Bitcoin economy.
Bitcoin to Eclipse Gold as the Ultimate Store of Value
A Strategic US Bitcoin Reserve would serve as a government-held asset designed to bolster economic resilience during periods of financial instability. By leveraging Bitcoin’s decentralized nature and scarcity, such a BTC reserve could potentially act as a hedge against inflation, currency devaluation, and global economic disruptions. Donald Trump’s approach aligns with the growing recognition of Bitcoin as a “digital gold” and its increasing adoption by nations seeking financial sovereignty.
Pompliano went on to parallel Bitcoin to gold, adding that while Bitcoin currently maintains a market capitalization of around $1.7 trillion, gold stands at $17 trillion. He said that as a digital asset, Bitcoin would overtake gold’s market capitalization because of its advantage as a digital store of value.
“There’s not an example where the digital product doesn’t outsize its analog counterpart,” Pompliano said. He made the case that Bitcoin’s first and foremost use case-store of value solves a global problem: preserving wealth from inflation and currency devaluation. Whereas central banks constantly devalue fiat currencies, he said, Bitcoin is a deflationary, capped alternative that gives individuals and countries a choice.
Pompliano further explained how that might trickle down from Donald Trump’s strategy of establishing a US Bitcoin reserve: If the United States puts cash into Bitcoin, that means every state and local government should also allocate their reserves to Bitcoin. “You’re sitting with cash that’s guaranteed to lose value. If you want to fulfill your fiduciary duty, sitting in 100% cash is the wrong answer,” he said.
He cited MicroStrategy’s success under Michael Saylor’s leadership, who recently acquired an additional 27,200 BTC, stating that large institutional onboarding into Bitcoin provided protection from inflation. Pompliano further called for all levels of government to “get off zero” and consider a minimum allocation to Bitcoin of at least 1%.
Novogratz: BTC Reserve Unlikely, But Could Propel Price to $500K
Michael Novogratz, the billionaire CEO of Galaxy Digital, expressed skepticism about the strategic adoption of a US Bitcoin reserve idea, despite President-elect Donald Trump’s proposal. He specified that there were low chances for the BTC reserve under Trump.
However, he acknowledged the potential strategic value of such a move. “It would be very smart for the United States to take the Bitcoin they have and maybe add some to it,” he suggested. “That would signal to the world that we are a technology-first country, a crypto, digital asset-first country. I don’t necessarily think that the dollar needs anything to back it up, but it would make a statement.”
Novogratz predicted that if there will be a US Bitcoin reserve establishement, it could trigger a massive rally in the digital asset’s price. “If we get the BTC reserve, as a guy who owns a lot of Bitcoin, I won’t cry,” he quipped. “I think Bitcoin heads to $500,000. It’s a different paradigm because it forces every other country in.”
Bitcoin, currently trading near a record $90,291, could see unprecedented growth if this proposal were enacted, pushing the cryptocurrency further into the global financial spotlight.
Teuta Franjkovic
Teuta is a seasoned writer and editor with over 15 years of experience in macroeconomics, technology, and the cryptocurrency and blockchain industries.
Starting her career in 2005 as a lifestyle writer for Cosmopolitan, she expanded into covering business and economy for several esteemed publications like Forbes and Bloomberg.
Influenced by figures like Don and Alex Tapscott and Laura Shin, Teuta embraced the blockchain revolution, believing crypto to be one of humanity’s most crucial inventions.
Her fintech involvement began in 2014, focusing on crypto, blockchain, NFTs, and Web3. Known for her excellent teamwork and communication skills, Teuta holds a double MA in Political Science and Law.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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In the latest development in the long-running XRP lawsuit, the US Court of Appeals has granted Ripple and the SEC’s joint motion to suspend their respective appeals. This will give both parties time to finalize the settlement in the long-running legal battle.
XRP Lawsuit: Court Grants Ripple & SEC’s Joint Motion
As revealed in a court document, the US Court of Appeals has granted Ripple and the US Securities and Exchange Commission’s (SEC) joint motion to hold the appeal in abeyance. The court has further directed the Commission to file a status report within 60 days of this order.
This court order consequently suspends the ongoing appeal and cross-appeal filed by the SEC and Ripple, respectively. As CoinGape reported, both parties had filed the joint motion to suspend the appeals in light of them reaching a settlement.
The SEC and Ripple argued that holding the appeal in abeyance will help conserve judicial and party resources while they both continue to pursue a negotiated resolution of this matter.
In March, Ripple agreed to drop its cross-appeal against the SEC following the latter’s decision to drop its appeal in the long-running XRP lawsuit. However, the matter is yet to be finalized as both parties revealed in the filing that they need additional time to obtain the Commission approval for their agreement-in-principle.
Once approved, both parties will still need to get an indicative ruling from the District Court. As part of the agreement, Ripple and the SEC had agreed that the former would only pay $50 million out of the $125 million penalty that Judge Analisa Torres awarded against the crypto firm. The Commission also agreed to request that Judge Torres lift the standard injunction that it imposed on Ripple.
Possible Reason For The Delay?
It remains unclear why the Commission has yet to approve the agreement in the XRP lawsuit. However, a possible reason could be that the SEC is holding out for Paul Atkins to assume office.
As CoinGape reported, the US Senate has confirmed Atkins as the next SEC Chair. The next step is for US President Donald Trump to sign off on the confirmation and swear him in as Gary Gensler’s successor.
Once the Commission approves the agreement, Ripple and the SEC will ask Judge Torres for relief from her earlier judgment. Once that happens, the Court of Appeals can strike out the appeal and remand the case to the District court for a full ruling on the agreement.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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A large Ripple whale has moved 29,532,534 XRP, valued at $63.81 million, from an unknown wallet to Coinbase. This Ripple whale transfer comes at a time when XRP is making waves in the cryptocurrency market, positioning itself as one of the top candidates for a U.S. spot ETF approval.
XRP’s increasing liquidity and recent developments have placed it in direct competition with Solana (SOL) for ETF approval, with analysts predicting XRP may secure approval sooner than its rivals.
XRP’s Growing Liquidity Boosts ETF Prospects
XRP has shown a marked improvement in liquidity over the past few months, positioning itself as a strong contender for a U.S. spot ETF. A study of market depth done by Kaiko Indices shows that XRP and Solana have the deepest 1% market depth on vetted exchanges. XRP’s liquidity has increased since late 2024, outperforming that of Solana and even risen to two times that of Cardano’s ADA.
Several events have enhanced XRP’s liquidity, such as Teucrium’s launching of a 2x XRP ETF in the recent past. This leveraged product tracks European ETPs and swap agreements, offering double the daily returns of XRP.
On the launch date, it traded above $5 million, becoming the best-performing fund for the Teucrium Fund Company. Such momentum brings XRP the vital support for its objective to establish a place in the approval process for the U.S. spot ETF.
Despite the absence of a robust futures market, as seen in BTC, XRP has gradually made an increased impression in the US spot market. This triggered the token’s market share to go to the highest level since the SEC lawsuit in 2021, which triggered multiple delistings.
In this regard, Solana’s market share has decreased to 16% from the 25-30% recorded in 2022. According to analysts, XRP continues to trade significantly in the spot market, which could pave the way for approval soon.
Ripple’s Push for ETF Approval
The SEC has approved various filings for XRP spot ETFs, with a key deadline for Grayscale’s amendment scheduled for May 22. Additional good news came from the regulatory channel, confirming Paul Atkins as the new SEC Chair. Since several deadlines are set for the ETFs in the cryptocurrency market, Atkins’ leadership could determine the fate of XRP and other assets.
XRP’s situation differs from Bitcoin’s, as it lacks a robust futures market, making the cryptocurrency’s regulatory landscape more complex. However, rising liquidity and introducing the 2x XRP ETF have shifted the narrative firmly towards Ripple’s token. Therefore, the steps taken by the SEC in reaction to Grayscale’s filing will set the direction through which XRP may or may not get approval.
Despite this, according to data from Polymarket, there is a 74% chance that XRP will be approved for a spot ETF by December 31, 2025. However, there is still cautious optimism in the option market for XRP.
Data from Deribit reveals an abundance of bear call options, indicating that traders mainly hedge against further downside. This is partly due to worries from the broader market, such as macroeconomic issues that may affect crypto assets, like the Trump tariffs.
XRP Price Trend Amid Ripple Whale Moves
Looking at the technical analysis of the XRP price, there are indications of purely bullish opportunities. According to crypto analyst TheDefilink, XRP price is presently trading above key support levels on the daily charts, and as signified by the Ichimoku Cloud, the trend remains bullish.
In addition, large token transfers mean that Ripple whales are active on the market. The latest 29 million XRP transferred to Coinbase, alongside the 70 million XRP transfer between two unknown wallets, also depicts interest in XRP.
Additionally, the tightening of XRP’s Exponential Moving Averages (EMAs) suggests a potential golden cross could be forming, a pattern often associated with upward price movements.
According to the analyst, XRP price resistance levels are $2.23 and $2.50, with support levels at $1.96 and $1.61. A successful move above the $2.23 resistance could further energize the bullish sentiment surrounding XRP, aligning with a recent CoinGape XRP price analysis.
However, failure to hold the $1.96 support level might lead to a shift in market sentiment, potentially triggering a bearish correction in the short term.
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Despite being the second biggest cryptocurrency, Ethereum has witnessed the worst quarterly price performance of 5 years in Q1 2025. With continuous bears’ dominance and macroeconomic events putting downward pressure on the altcoin, it is down significantly. However, that might change as the ETH price chart shows a bullish sign.
Ethereum Price Up for Rally As Buying Signal Flashes
Ethereum’s downtrend resulted in the token’s crashing to a low of $1,400 earlier in the month. Experts have attributed this fall to investors’ bearish sentiments and the overall crypto market crash. However, the Ethereum price drop against Bitcoin to its lowest in years indicates underlying performance issues.
While the selling sentiments remain, a buy signal has formed in the ETH price chart, presenting the possibility of a rebound. According to the crypto analyst Ali Martinez’s X post, the TD sequential indicator is presenting Setup 9, i.e., an indicator of trend reversal.
ETH may be gearing up for a major rebound, with the TD Sequential flashing a buy signal on the weekly chart!
The “9” is historically proven to mark the end of the bearish trend and present buying opportunities. Moreover, the smaller body size of the candle suggests weakening selling pressure and traders opting to buy.
Besides, no major resistance near the chart exists, so a smooth uptrend can form unless any major macroeconomic event interferes.
Symmetrical Triangle Formation Supports Ethereum Price’s Bullish Outlook
With a 3% recovery over the week, Ethereum currently trades at $1,639.91 with a market capitalization of $197.88B. Although the recovery is slow, the token moves in a symmetrical triangle formation, simultaneously opening the possibility of an uptrend or a downtrend.
If the ETH price moves up, it could rally to $1,900, but a downside move could result in a crash to $1,380. Although uncertainty remains amid Trump’s tariff trade war, the long-term bullish Ethereum price prediction is sustained.
Considering the same, a crypto whale has just opened a $12.6M ETH Long with 5x leverage, influencing investors’ sentiments.
Frequently Asked Questions (FAQs)
Persistent berish investor sentiments, broader crypto market crash, and macroeconomic events drive the poor performance of Ethereum.
After a 3% recovery during the week, Ethereum currently trades at $1,639.91 but could hit $1,900 with the confirmation of bullish momentum.
The ETH price chart shows that investors’ buying interest is rising and selling sentiments are declining. Even whales are placing long leverage, showcasing rising confidence in the altcoin.
Pooja Khardia
With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market. As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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