特朗普確保加密保護區的新策略涉及比特幣（BTC），以太（ETH），XRP和Solana的Sol

美國總統唐納德·特朗普（Donald Trump）似乎正在採用相同的策略來確保由比特幣（BTC）以及可能（ETH）組成的保證戰略加密儲備。

U.S. President Donald Trump’s Sunday post on Truth Social, where he expressed his expectation for payments-focused XRP, Solana's SOL, and Cardano's ADA tokens to be included in the strategic digital assets reserve with bitcoin (BTC) and ether (ETH) at the core, drew an exuberant initial response.

美國總統唐納德·特朗普（Donald Trump）關於真相社會的周日帖子，他表示對以付款為重點的XRP，索拉納（Solana）的索爾（Solana's Sol）和卡爾達諾（Cardano）的ADA令牌表示期望與比特幣（BTC）和核心（ETH）的戰略數字資產儲備中納入了核心，並在核心中納入了良好的初步回應。

The post had the total crypto market cap rise by 11% or $300 billion to $3.09 trillion. However, the rally ran out of steam Monday as market participants began criticizing Trump for being misinformed or ignorant for backing the inclusion of XRP and ADA.

該職位的總加密市值增長了11％或3000億美元，至3.09萬億美元。但是，週一的集會耗盡，因為市場參與者開始批評特朗普因支持XRP和ADA的支持而被誤導或無知。

As expected, the initial excitement paved the way for the realization that Trump still needs to secure Congressional approval, and the plans to invest in altcoins contradict D.O.G.E's efforts to cut costs and bring down debt.

正如預期的那樣，最初的興奮為意識到特朗普仍然需要獲得國會批准的意識鋪平了道路，而投資替代幣的計劃與Doge削減成本和減少債務的努力相抵觸。

"Big problem here is optics. When you include altcoins whose use case is too nascent to be deemed 'nationally strategic,' you risk the assumption of inside dealing even if it were patently false. This is politically negative, even among a subset of crypto enthusiasts," Jeff Park, head of alpha strategies at Bitwise Investment Management, said on X, formerly known as Twitter.

“這裡的大問題是光學的。當您包括altcoins的用例過於新生而無法被認為是'全國戰略性的，即使在內部交易中也有可能是虛假的。這在政治上是負面的，即使是加密貨幣愛好者的一部分，也是在Xertlyest Management的Alpha Investment Management的負責人Jeff Park，''

"Trump is about to understand in crypto land what bitcoin—and only bitcoin—represents," Park added.

帕克補充說：“特朗普將要在加密貨幣中理解比特幣（只有比特幣）的代表。”

However, per some observers, the mention of altcoins appears to serve as a form of extreme demand, intended to overwhelm the opposition (Congress) and create leverage in discussions about the strategic crypto reserve.

但是，根據一些觀察者，提及山寨幣似乎是一種極端需求的形式，旨在壓倒反對派（國會）並在討論有關戰略加密保護區的討論中產生槓桿作用。

"The announcement is probably just Trump's usual negotiation tactic. I.e. Calling for a Strategic Reserve with XRP, SOL and ADA, so he can get one for BTC (and maybe ETH)," Ilan Solot, senior global market strategist at Marex Solutions, said in a client note titled "Curb Your Enthusiasm."

“這一宣布可能只是特朗普通常的談判策略。

Solot added that the U.S. would retain the apprehended digital asset stockpile, but the probability of the government buying fresh BTC is less than 50%. Meanwhile, the odds of ETH purchases are small but real while those for altcoins are miniscule.

Solot補充說，美國將保留逮捕的數字資產庫存，但政府購買新的BTC的可能性不到50％。同時，ETH購買的機率很小，但實際上是真實的，而altcoins的機率很小。

Critiquers argue against XRP and ADA by pointing out that these cryptocurrencies lack the real-world presence and the established utility of Ethereum and Solana, which actively support financial activities through stablecoins.

批評者指出，這些加密貨幣缺乏現實世界中的存在和以太坊和索拉納的既定實用性，反對XRP和ADA，這些加密貨幣通過Stablecoins積極支持財務活動。

Additionally, the CME has not yet announced plans to list XRP and ADA futures, which is probably why many are against the addition of these coins to the national reserve. Note that before approving the spot bitcoin and ether ETFs, the SEC had approved ETFs investing in the CME-listed BTC and ETH futures, trusting the exchange's monitoring system to take care of the price manipulation concerns.

此外，CME尚未宣布列出XRP和ADA期貨的計劃，這可能就是為什麼許多人反對將這些硬幣添加到國家儲備中的原因。請注意，在批准現貨比特幣和Ether ETF之前，SEC批准了對CME上市的BTC和ETH Futures投資的ETF，相信交易所的監視系統可以解決價格操縱問題。

Jason Atkins, chief commercial officer at crypto-making firm Auros, said that market reactions to Trump announcements unfold in three phases, with the first characterized by rumors, the second by a hyperbolic announcement and the final one by tough negotiations.

加密公司Auros的首席商務官Jason Atkins表示，市場對特朗普宣布的市場反應分為三個階段，第一個以謠言為特徵，第二個是由雙曲線公告，最後一個是艱難的談判。

"The second phase is triggered by an official announcement from Trump or his team, which tends to mirror the speculative nature of the first. His negotiation style –characterized by hyperbole, outsized promises, and demands beyond what is immediately feasible – often results in an initial surge in sentiment. We saw this overnight, as the market reacted positively, largely due to the relief following the risk reduction in phase one. However, caution is warranted," Atkins said in a late Monday email to CoinDesk.

“第二階段是由特朗普或他的團隊的正式公告引發的，這些公告傾向於反映出第一個的投機性質。他的談判風格（以誇張的責任表現出來，承諾超出了立即可行的東西），通常會導致最初的興起電子郵件至Coindesk。

Atkins added that the possibility of another leverage washout remains high as investors reassess the reality of bureaucracy, negotiations, and the uncertainty surrounding the actual flow of funds.

阿特金斯補充說，隨著投資者重新評估官僚機構，談判和圍繞實際資金實際流動的不確定性的現實，另一種槓桿沖洗的可能性仍然很高。

"Given that Congressional approval remains a hurdle and the timing of real fund movements is uncertain, traders and investors will need to assess whether this is a structural shift or just another cycle of speculation-driven volatility," Atkins noted.

阿特金斯指出：“鑑於國會的批准仍然是一個障礙，而真正的基金運動的時機尚不確定，交易者和投資者將需要評估這是結構性的轉變還是另一個由投機驅動的波動性的周期。”