Bitcoin dominated 55.4 % to less than 50 % in hours that initially US President Donald Trump is that the country will include XRP, Solana and Cardano in “Crypto Strategic Reserve”.
Trump later emphasized the social truth that Bitcoin (BTC) – as well as the ether (ETH) – will be “in the heart of the reserve” – although its inclusion in Altcoins has left a sour taste in the mouths of many bitcoin columns – and even Bitcoin.
Bitcoin dominated 49.6 %, as the likes of Cardano (ADA) and XRP (XRP) increased 60.3 % and 34.7 %, respectively, over the past 24 hours.
Solana and Al -Atheer also increased by 25.5 % and 13.1 % on the same time frame, while other altcoins that were not explicitly mentioned in the Trump publication. Bitcoin rose only 10 % to 94,220 dollars.
Bitcoin dominance compared to cryptocurrencies of other large value. source: Coingecko
The Trump administration step surprised not only some bitcoin, some, IncludingG bitcoin critic Peter Chef, who was unable to see logic to include Altcoins.
“I get the logical basis for the Bitcoin Reserve,” Chef wrote. “I do not agree with it, but I get it. We have a golden reserve. Bitcoin is digital gold, which is better than analog gold. So let’s create Bitcoin Reserve as well.”
“But what is the logical basis for the XRP reserve? Why do we have the right to hell we need it?”
source: Peter Chef
Meanwhile, the head of alpha strategies, Jeff Park, He said It was “a great political miscalculation by Trump in reducing the importance of the importance of the strategic reserve only focused on bitcoin.”
“The only origin of encryption makes any sense of ever as part of the country’s strategic reserve is Bitcoin,” Nick Newman, CEO of Bitcoin Casa He said.
“The endless digital assets – especially those with a zero -bilious tool – are not suitable for the bill.”
Others, such as Pierre Rohard, Vice President of Research on Bitcoin’s RIOT platforms, He said The strategic coding reserve will become “of course only Bitcoin” as altcoins to zero for Bitcoin.
Related to: The President of the Swiss National Bank says: The Bitcoin report is not one of the worthy reserve assets
The Crypto Strategic Reserve comes on the back of weeks of evaluation from the newly formed working group on digital assets, led by CEO Bo Hines, David Sacks, AI at the White House and Crypto CZAR.
Trump will host the first encryption summit at the White House on March 7, calling on industrial leaders to discuss organizational policies and supervision of Stablecoin, which will be chaired by bags and run by Hines.
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