It’s official: President Trump has officially announced the US Strategic Crypto Reserve and Bitcoin is back above $94,000.

Crypto markets have now added over +$300 BILLION of market cap on the news.

What’s coming next?

At 10:24 AM ET today, President Trump made the below post.

He announced a “Crypto Strategic Reserve” and says he will “make sure the US is the Crypto Capital of the World.” However, on $XRP, $SOL, and $ADA were mentioned in the initial announcement of the reserve.

Since then, Cardano, $ADA, has surged a whopping +64%. Ripple, $XRP, and Solana, $SOL, are up+30% and +21% on the announcement.

However, this initial announcement omitted 2 key currencies that investors have been looking for: Bitcoin and Ethereum.

This brings us back to our post from January 16th: The NY Post reported that President Trump was expected to propose forming an America-first crypto reserve that would “prioritize digital coins founded in the US.” This would include coins like Solana, USD Coin and Ripple.

However, at 12:11 PM ET, Trump quoted his post with the below: “And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be the heart of the Reserve,” he said.

This comes just days after Eric Trump posted “Buy the dips” referring to the recent drop in crypto. Since then, Bitcoin has reclaimed $94,000 and is now up nearly 20% from its recent low. Since Friday at 3:00 PM ET, Bitcoin prices have surged from $78,200 to $94,000+.

This means Bitcoin is now OUT of bear market territory and ~16% away from a new all time high.

Now, Trump’s crypto czar @DavidSacks has posted that there is “more to come at the crypto summit.” This week, on March 7th, President Trump is hosting the first ever crypto summit at the White House. There is speculation that additional coins will be added to the reserve list.

The reserve may also open the door for moving all US spending on Blockchain, as Elon Musk proposed 1 month ago. This means $6.9 TRILLION of US spending PER YEAR could be placed on a decentralized ledger. Blockchain technology would reduce BILLIONS in annual audit costs.

One key question is why has the strategic reserve broadened from being just a Bitcoin stockpile?

During the campaign trail, proposals called for the US to acquire anywhere from 2200K to 4M BTC. But now, it is broadening without any real explanation as to why this is the case.

As of today, we now have:

1. Pro-crypto SEC
2. Pro-crypto President
3. Announcement of crypto reserve
4. SEC drops multiple lawsuits
5. Trump launched memecoin
6. SEC says memecoins are not securities

Needless to say, this is the most pro-crypto administration in history. Also worth noting is that the Nasdaq 100 rallied SHARPLY into the close on Friday. It jumped +2% in under 3 hours with minimal bullish headlines.

Did someone know this was coming? It is expected that tech stocks to gap higher on the crypto reserve news when futures open.

Looking ahead, crypto markets will continue to search for their next big catalyst. With many of Trump’s campaign promises priced in, we are in uncharted territory.

Can Bitcoin hit a record high this month? We will see.

Source: TKL

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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