03-03-2025
"I Love BTC & ETH" - Crypto Spikes As Trump Discusses Strategic Reserve Ahead Of White House Summit
If you see a flying pig, shrug it off because the following tweet from none other than arch-Bitcoin-nemesis Peter Schiff will likely blow your mind:
We screen-grabbed it (just in case he changes his mind).
On the heels of the announcement of a Cyrpto Summit at The White House this week, President Trump took to Truth Social to explain some of the details, specifically mentioning a Strategic Reserve.
A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA.
I will make sure the U.S. is the Crypto Capital of the World.
We are MAKING AMERICA GREAT AGAIN!
All three of the 'altcoin's have shot up in price since the post:
And, despite the non-mention of Bitcoin, the largest cryptocurrency is spiking above $88k…
Many suggest the term 'includes' the altcoins does not mean 'excludes' bitcoin or ethereum.
We shall see if our suggestion from May of last year comes true…
Trump should announce if elected he will buy 2 milllion BTC and 10 million ETH as part of a strategic US crypto reserve — zerohedge (@zerohedge) May 26, 2024
Well that didn't take long for Trump to clarify…
There's a lot of traders short Ethereum that could feel some serious pain if this comes to pass…
And the squeeze is starting…
President Trump has announced a Crypto Strategic Reserve consisting of Bitcoin and other top cryptocurrencies. This is consistent with his week-one E.O. 14178. President Trump is keeping his promise to make the U.S. the 'Crypto Capital of the World.' More to come at the Summit. — David Sacks (@davidsacks47) March 2, 2025
As Zoltan Vardai detailed earlier via US President Donald Trump will host the first White House Crypto Summit on March 7, bringing together industry leaders to discuss regulatory policies, stablecoin oversight, and the potential role of Bitcoin in the US financial system.
The attendees will include 'prominent founders, CEOs, and investors from the crypto industry,' along with members of the President's Working Group on Digital Assets, according to an announcement shared by the White House 'AI and crypto czar,' David Sacks, in a March 1 X post.
Click here to read more…
Source Zero Hedge
