17 Mar 2025

light mode

Trump Announces U.S. Crypto Strategic Reserve: Is Bitcoin No Longer the Priority?

Trump Announces U.S. Crypto Strategic Reserve: Is Bitcoin No Longer the Priority?

U.S. President Donald Trump announced the creation of the Crypto Strategic Reserve, which will hold a mix of digital assets, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA).

On this page

During his presidential campaign, Trump pledged not only to accumulate Bitcoin but also to preserve all state-held digital assets by establishing a Bitcoin reserve. However, his approach now appears to have shifted. Instead of focusing solely on Bitcoin, Trump has decided to create a broader reserve of digital assets, aligning with his previous executive order on crypto policy.

A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration. I will make sure the U.S. is the Crypto Capital of the World,

Trump stated.

The decision has drawn criticism from Bitcoin maximalists, who argue that adding multiple digital assets to the crypto reserve could weaken Bitcoin’s position as the leading store of value. Some believe that, over time, the reserve will naturally transition to a Bitcoin-only model, as altcoins lose relevance.

Market Reaction 

Following Trump’s announcement of the U.S. Crypto Strategic Reserve, the cryptocurrency market experienced a sharp rally, particularly in the assets mentioned in his statement. Bitcoin surged over 9%, while altcoins like ADA and XRP skyrocketed by 70% and 35%, respectively, within 24 hours. The market later corrected slightly, restoring Bitcoin’s dominance, which had initially dropped by several percentage points. This shift suggests that investors actively traded not just BTC but also other cryptocurrencies included in Trump’s crypto strategic reserve.

Bitcoin price movement after Trump’s Crypto Strategic Reserve announcement - The Coinomist
Bitcoin price movement after Trump’s Crypto Strategic Reserve announcement. Source: Official WhiteBIT exchange website

Beyond spot market fluctuations, Trump’s statement also had a significant impact on crypto futures trading. On the Chicago Mercantile Exchange (CME), Bitcoin futures saw the largest-ever price gap of $10,000. These gaps emerge due to differences in trading hours between spot and traditional markets. Traders closely monitor these price gaps, as they often become key support or resistance levels in future price movements.

Community Reaction

The crypto community largely welcomed the announcement, seeing it as a significant step toward broader cryptocurrency adoption. However, some analysts, industry leaders, and users voiced disappointment over the inclusion of altcoins alongside Bitcoin in the reserve. Hunter Horsley, CEO of Bitwise, praised the administration for promoting crypto but argued that the crypto strategic reserve should consist exclusively of Bitcoin:

I imagined a Strategic Reserve would be just Bitcoin. That makes the most sense to me. Many crypto assets have merits, but what we're talking about here isn't a US investment portfolio — we're talking about a reserve, and Bitcoin is the undisputed store of value for the digital age.

Even prominent BTC critic Peter Schiff weighed in on the news of altcoins being included in the crypto strategic reserve. He criticized the selection process, questioning the criteria for choosing these assets and why they were effectively being subsidized with taxpayer money. He also voiced frustration over some media outlets misrepresenting his stance as support for the Bitcoin reserve.

I get the rationale for a Bitcoin reserve. I don't agree with it, but I get it. We have a gold reserve. Bitcoin is digital gold, which is better than analog gold. So let's create a Bitcoin reserve too. But what's the rationale for an XRP reserve? Why the hell would we need that?

Schiff wrote.

Outlook for the Crypto Strategic Reserve

The creation of the U.S. Crypto Strategic Reserve can be seen as a lead-up to the first-ever White House Crypto Summit, scheduled for March 7. The summit is expected to address not only current market trends but also potential regulatory measures, including stablecoin oversight. This event could mark the beginning of new strategic initiatives aimed at integrating digital assets into the U.S. economy.

Related: Bitcoin as a U.S. Strategic Reserve Asset: How Likely Is It?

Trump’s announcement of the crypto strategic reserve marked a significant moment for the market, which had been experiencing a significant correction. This move could play a major role in establishing cryptocurrencies as a recognized part of the national economy in the long run. 

However, questions still surround the specifics of the crypto reserve and its future developments. 

Related: VCs: Trump’s Crypto Reserve Could Shape Global Trends

The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.

Articles by this author
Bitcoin ETFs Suffer Record $5.5 Billion Outflows Amid Trump’s Tariff Hike

Bitcoin ETFs Suffer Record $5.5 Billion Outflows Amid Trump’s Tariff Hike

Trump’s tariff wars have triggered a wave of panic among crypto investors. With Bitcoin ETFs seeing historic outflows, the market is bracing for turbulence.

Vlad Vovk
South Korea’s Central Bank Says No to Bitcoin Reserve

South Korea’s Central Bank Says No to Bitcoin Reserve

The Bank of Korea has made it clear: Bitcoin won’t be included in the country’s strategic reserves. Why regulators are keeping their distance from digital gold?

Anton Kryshtal
Coinbase & Gemini Users Beware: Massive Phishing Scam Uncovered

Coinbase & Gemini Users Beware: Massive Phishing Scam Uncovered

A widespread phishing scam is hitting Coinbase and Gemini users, with scammers impersonating the exchanges and pushing fraudulent wallet transfers.

Anton Kryshtal
OKX Freezes OKX Web3 DEX Aggregator Amid Regulatory and Security Concerns

OKX Freezes OKX Web3 DEX Aggregator Amid Regulatory and Security Concerns

OKX has taken immediate action to suspend its DEX aggregator, OKX Web3, citing coordinated attacks by Lazarus hackers and increased regulatory scrutiny as key factors.

Dmytro Psevdonimenko
What’s Trending in Crypto Today? OKX Pauses DEX, Flashbacks to Gensler

What’s Trending in Crypto Today? OKX Pauses DEX, Flashbacks to Gensler

OKX DEX Service pause, Gary Gensler’s MIT lecture, and Bitcoin price analysis are among the top trending topics on X (Twitter).

Anahit Avetisyan
How the Ethereum Foundation Is Shaping the Future of Crypto

How the Ethereum Foundation Is Shaping the Future of Crypto

For over a decade, the Ethereum Foundation has been the driving force behind Ethereum’s growth—from Vitalik Buterin’s white paper to a global financial and technological revolution.

Ivan Dikalenko
The Biggest Tweets in Crypto This Week: SEC vs Ripple Updates & More

The Biggest Tweets in Crypto This Week: SEC vs Ripple Updates & More

Summing up this week in Crypto Twitter/X: major announcements, updates, rumors, and interesting takes on the SEC vs Ripple case, Ethereum’s updates, the Trump family deal with Binance, and more.

Anahit Avetisyan
Uniswap v4: The Game-Changing DEX Upgrade

Uniswap v4: The Game-Changing DEX Upgrade

In February 2025, the Uniswap team officially launched the 4th version of its protocol. Uniswap v4 is not only the biggest upgrade in the platform’s history but also a major milestone for the entire DeFi ecosystem.

Vlad Vovk
Best Blockchain Courses to Boost Your Career in Web3

Best Blockchain Courses to Boost Your Career in Web3

The Web3 industry is booming, but universities aren’t ready. Private education platforms are stepping in—here’s where to find the best Web3 developer education.

The Coinomist
What Is Fiat Currency and Its Role in the Crypto World?

What Is Fiat Currency and Its Role in the Crypto World?

Discover fiat currency—a government-issued money without intrinsic value—and learn how it interacts with cryptocurrencies and influences digital financial systems worldwide.

The Coinomist
How to Short Crypto Safely and Effectively: Tips and Strategies

How to Short Crypto Safely and Effectively: Tips and Strategies

Learn advanced strategies for shorting crypto safely. This guide covers key tips, risk management techniques, and various methods like direct shorting, futures, margin trading, and options.

The Coinomist
Risk Reversal: A Deep Dive into Best Practices

Risk Reversal: A Deep Dive into Best Practices

Explore risk reversal strategies and learn best practices for managing risks in trading and business. Understand how to balance risk and reward to optimize outcomes.

The Coinomist
World Bridge Currency: Is XRP the Future of World Bridge Currencies?

World Bridge Currency: Is XRP the Future of World Bridge Currencies?

Explore XRP as a potential world bridge currency. Learn how its speed, low fees, and scalability could transform global cross-border transactions and reshape financial systems.

The Coinomist
Trump’s “US Crypto Reserve” Plan: A Game Changer or Just Talk?

Trump’s “US Crypto Reserve” Plan: A Game Changer or Just Talk?

It takes just one post from Trump to stir the crypto market. Recently, he announced on Truth Social that the evaluation of a strategic crypto reserve is in progress as part of his broader Trump crypto policy.

Anahit Avetisyan
Trump’s Crypto Tax Plan: Smart Policy or Risky Gamble?

Trump’s Crypto Tax Plan: Smart Policy or Risky Gamble?

There’s been a lot of talk about possible changes to crypto tax policies in the U.S. One of the more controversial ideas floating around is “Trump no tax on crypto.” As Trump adopts a more crypto-friendly stance, major rumors have surfaced that he’s considering a 0% tax on crypto gains.

Anahit Avetisyan
MORE
Wealth, Influence, and Bitcoin: The Market Moves of the Ultra-Rich

Wealth, Influence, and Bitcoin: The Market Moves of the Ultra-Rich

Billionaires have a significant impact on digital asset prices, often driving instability and engaging in crypto market manipulation. This view is echoed by American entrepreneur David Wolfe.

The Coinomist
The New Crypto Sports Economy: Sponsorships, Fan Tokens, and NFTs 

The New Crypto Sports Economy: Sponsorships, Fan Tokens, and NFTs 

Crypto companies are shaking up crypto sport, partnering with clubs and stadiums for high-profile sponsorships. This means big bucks for athletes, thanks to advertising and fan tokens.

The Coinomist
MORE