Bitcoin (BTC) and Ethereum (ETH) Will Form the Basis of the US Cryptocurrency Reserve

„And obviously BTC and ETH, like other valuable cryptocurrencies, will be the basis of the reserve. I love Bitcoin and Ethereum too!", wrote US President Donald Trump on Truth Social.

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output: Donald Trump has announced the formation of the US cryptocurrency reserve, which will be formed by Bitcoin (BTC) and Ethereum (ETH), according to a statement by the former president on Truth Social.

“And obviously BTC and ETH, like other valuable cryptocurrencies, will be the basis of the reserve. I love Bitcoin and Ethereum!”, wrote Trump.

The strategic reserve will also include the cryptocurrencies Cardano (ADA), Solana (SOL), Ripple (XRP).

“The US cryptocurrency reserve will elevate this critical industry after years of corruption attacks by the Biden administration. They shut down the best crypto projects and stole the coins. They will pay a heavy price for this!”, stated Trump.

The US president also announced his plans to make the country the crypto capital of the world.

“We will create new cryptocurrencies and expand the industry. We will make America great again!”, he said.

Earlier, rumors had spread about the US government investing in cryptocurrencies.

During his presidential campaign in 2024, Trump spoke about his desire to make the US a “crypto power”. He also mentioned the possibility of creating a strategic reserve of Bitcoin, the funds from which could be used to pay off the US national debt.

Trump created the first position in the country's history to oversee policy in the field of artificial intelligence and cryptocurrencies and declared his desire to make America a world leader in these areas.

The billionaire's victory in the November election sparked an explosive growth in the cryptocurrency market: in the two weeks after the election, the value of Bitcoin increased by almost 50%. By the end of February, however, the value of BTC fell below $90,000 amid declining investor optimism.