- Eric Trump supports strategic reserve, emphasizing benefits for retail investors.
- Trump’s crypto reserve announcement sparks market rally for BTC, ETH, XRP, SOL, ADA.
- Investors await funding details for reserve amid speculation on government Bitcoin holdings.
Eric Trump, the son of U.S. President Donald Trump, tweeted his support for his father’s Sunday announcement about a national Crypto Strategic Reserve. He praised the timing of the news, noting that it landed when traditional markets were closed and Wall Street was “asleep.”
He hinted that retail investors may benefit from this step, pointing out a shift in the financial sector. Eric Trump warned that traditional finance must adapt or risk irrelevance, adding that the financial world no longer revolves around a Monday-to-Friday schedule.
Related: President Trump to Speak at First-Ever White House Crypto Summit on March 7
Reserve Targets Major US-Cryptos
This move follows President Donald Trump’s declaration of a crypto strategic reserve, which aims to make the U.S. a global leader in digital assets. Trump revealed that the reserve will hold five major cryptocurrencies—Bitcoin, Ethereum, XRP, Solana, and Cardano.
Prices of these named tokens rose after the news, reflecting a broader adoption of digital assets in mainstream finance. The announcement was delivered via social media, signaling a notable effort to integrate crypto with the larger financial system.
Market Reaction and Investor Speculation
The reveal came during a period of market swings, with Bitcoin and other assets posting losses. Bitcoin, which began the year at $109,000, had fallen below $80,000 in recent weeks because of risk-off sentiment and a major breach at the Bybit exchange. However, after Trump’s posts, the market gained ground, especially for the five coins included in the reserve.
Analysts and investors eagerly await more details on how the reserve will be funded. Much of the talk centers on the U.S. government’s Bitcoin holdings, which exceed 180,000 BTC, worth around $18 billion.
Next Steps and Uncertainty
While the news has energized the crypto community, many wonder how the strategic reserve will operate. It remains unclear if the reserve needs approval from Congress, particularly regarding how the government plans to purchase additional crypto assets.
Related: Expert Says Bitcoin Strategic Reserve Will Happen, Sets BTC Price Target at $180K
As the specifics unfold, the upcoming White House Crypto Summit should clarify the administration’s vision for the reserve and what it might mean for the future of digital assets.
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