U.S. President Donald Trump Has Confirmed Plans to Establish a Strategic Crypto Reserve

U.S. President Donald Trump has confirmed plans to establish a strategic crypto reserve, aiming to make the United States the „Bitcoin capital of the world.“

U.S. President Donald Trump has announced plans to create a strategic crypto reserve with the aim of making the U.S. the "Bitcoin capital of the world."

In a statement posted on his social media platform, Truth Social, Trump also listed specific cryptocurrencies that will be included in this reserve. These are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA).

"I will be focusing on economically stabilizing the United States, and a key part of that is remaining a leader in the world of finance," Trump said in the statement.

"Despite what the biased media claims, we are falling behind. China and other nations are rapidly innovating in the field of digital assets, while the U.S. government remains stuck in the past."

This announcement has already led to a significant surge in cryptocurrency markets. Bitcoin rose by about 8% to over $92,000, while Ethereum is up 9%. At one point, Bitcoin was up more than 10%, and Ripple is currently up more than 23%, all within a few hours.

Trump’s decision to establish such a reserve marks a major shift in the U.S. government’s stance toward digital assets.

While the previous administration often viewed cryptocurrencies with skepticism, the current government is signaling active support for the industry. This move could accelerate institutional acceptance and strengthen the U.S.’s leadership in the realm of digital innovations.

Earlier this year, President Trump expressed skepticism towards Bitcoin and cryptocurrency in general, contrasting it with the U.S. dollar.

However, in recent months, there have been reports and rumors circulating about the possibility of the U.S. government investing in Bitcoin as part of a broader plan to create a Sovereign Wealth Fund.

Earlier this year, on February 3, President Trump used an Executive Order to initiate the creation of a U.S. Sovereign Wealth Fund. The aim of this fund is to help secure the long-term financial stability of the United States, reduce the tax burden on citizens, and ultimately enhance the nation's competitiveness in the global economy.

The fund is expected to be financed through various means, including profits from government holdings, commodity revenues, and strategic investments.

While the concept has been met with optimism by some, who see it as an opportunity for debt reduction and innovation promotion, critics fear political influence and potential economic fallout.

The prospect of the coming months is bleak, with reports indicating that the plan might not be realized in full. Notably, there has been discussion of a potential Bitcoin investment as part of the fund's portfolio.