6 Mar 2025

DJT Announces Plans for National Cryptocurrency Reserve

by Bonnie | | 0

Donald Trump announced he is planning to create a national cryptocurrency reserve, starting with $17 billion in Bitcoin and spreading into four other cryptocurrencies.

The other four are ether, XRP, solana and cardano.

Cryptocurrencies have no intrinsic value. They are extremely volatile and poorly regulated. The people most able to trade in cryptocurrencies are billionaires such as his close associates. Buying pressure from a buyer as large as Trump’s proposal is likely to quickly pump up value, and then when the buying is finished the value is likely to collapse, as in a stock market pump-and-dump scheme. This would leave the reserve worth much less than was paid to create it.

Click here for more details.

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