Trump Adds XRP & ADA to U.S. Crypto Reserve—$100T Market Potential Unlocked?
Michael Saylor, chairman of MicroStrategy and a dedicated Bitcoin advocate, now supports including XRP and Cardano in the U.S. crypto reserve. His shift marks a departure from his earlier belief that only...
Michael Saylor, chairman of MicroStrategy and a dedicated Bitcoin advocate, now supports including XRP and Cardano in the U.S. crypto reserve. His shift marks a departure from his earlier belief that only Bitcoin suited national adoption. In a recent CNBC interview, he called the move beneficial for Bitcoin and the broader crypto market. Previously, he insisted that Bitcoin was the sole dominant cryptocurrency. However, he now acknowledges that a diversified reserve could strengthen governmental support for digital assets and fuel Bitcoin’s long-term adoption.
U.S. Expands Crypto Reserve Beyond Bitcoin
President Donald Trump recently announced that the U.S. crypto reserve, initially focused on Bitcoin, will now include Ethereum, XRP, Solana, and Cardano. His decision ends speculation about the government’s stance on digital assets and embraces a broader crypto strategy. Saylor responded positively, highlighting the economic significance of the announcement. He believes this move indicates a favorable regulatory stance that could unlock a $100 trillion market opportunity. His endorsement of a multi-asset reserve contrasts with his past criticisms of altcoins, particularly XRP, which he previously labeled an “unregistered security.” He once praised the U.S. Securities and Exchange Commission (SEC) for its regulatory actions against XRP and other non-Bitcoin cryptocurrencies.
Reconsidering XRP’s Role in the Market
Michael Saylor says that adding adding other tokens like XRP Solana Carano to the US strategic crypto fund, is bullish for bitcoin and is bullish for the entire US crypto industry 🏁🇺🇸 pic.twitter.com/YA8muYNrvG
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) March 3, 2025
Saylor’s latest statements suggest he may be rethinking XRP’s importance in the crypto market. However, it remains unclear if he has completely changed his stance or if he is simply acknowledging the shifting regulatory landscape. His new position aligns with a growing belief that multiple digital assets, not just Bitcoin, will shape the future financial system. Although his past statements criticized XRP, his support for its inclusion in the reserve suggests he recognizes the evolving market trends.
Industry Divided Over Crypto Reserve Expansion
Despite the optimism surrounding this decision, some industry leaders express concerns about including altcoins in the national reserve. Critics argue that Bitcoin’s decentralized nature makes it the only suitable asset. They claim that XRP, Solana, and Cardano lack the same level of decentralization since known entities issue them. Tyler Winklevoss, co-founder of Gemini, publicly questioned whether altcoins belong in a strategic reserve. He insists that Bitcoin remains the only viable option. Similarly, Peter Schiff, a well-known Bitcoin skeptic, acknowledges Bitcoin’s role as “digital gold” but doubts XRP’s inclusion due to its centralized control.
Read Also: XRP Soars 35% to $2.9 After Trump’s Crypto Reserve Reveal—What’s Next?
Charles Hoskinson Defends Cardano’s Role
Cardano founder Charles Hoskinson responded to the criticism, defending the inclusion of his platform in the reserve. He argues that Cardano’s technology and security features make it a strong candidate for national adoption. His comments highlight the ongoing debate over whether the reserve should include multiple assets or remain exclusive to Bitcoin. Supporters of a diversified reserve believe it reflects a more inclusive and forward-thinking approach to digital assets.
The Future of the U.S. Crypto Reserve
The U.S. government’s decision to diversify its crypto holdings will shape future regulatory policies and market trends. This shift may strengthen Bitcoin’s position, or it could fuel ongoing debates about decentralization. Either way, the inclusion of XRP and Cardano signals a major change in how the U.S. approaches digital assets. Investors and industry leaders will closely monitor how this policy unfolds. As the crypto market continues to evolve, the debate over the best assets for national reserves will likely intensify.
Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.
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