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One of the names closely followed by crypto investors is Donald Trump, as you know, during the US elections, he made some promises regarding cryptocurrencies and supported the cryptocurrency market.💪🏻
He didn't just leave this support in words, he started taking concrete steps to fulfill his promises.👣
Donald Trump, by making a post on a social media platform named Truth Social, argued that the US crypto reserve will thrive in this critical sector after years of corrupt attacks by the former president Joe Biden's administration.💫
The presidential decree on digital assets instructed the presidency working group to make progress on a strategic crypto reserve including XRP, SOL, and ADA coins.⏩
He said that BTC and ETH will be included in the reserves in the future and will form the heart of the reserve.♥️
I think this makes sense because XRP, SOL, and ADA coins are relatively small compared to the market value of BTC and ETH, which means more risk and more volatility.
It makes sense to give more weight to BTC and ETH in reserve to create a more stable and secure reserve.💡
After Trump's announcement, the total cryptocurrency market showed an increase of 237 billion dollars, a huge amount.💪🏻
Also on March 7th, a cryptocurrency summit meeting will take place at the White House.💼
According to some sources on the WEB, it is thought that topics such as defining BTC as a strategic reserve or bringing regulatory clarity will be discussed at this meeting.🤔
After this summit, there seem to be two options in the cryptocurrency market, either the market will boom or disappoint 😂 Hopefully the market will boom.
The possible outcomes of this meeting could be as follows;
Announcement of crypto-friendly regulators
-Uncertainty and postponement
-Regulatory tightening
-Market volatility and institutional participation
If announcements of crypto-friendly regulators and outcomes in areas such as market movements and institutional participation emerge, a nice uptrend could come in this meeting.🚀
If a result comes out in areas such as Uncertainty and procrastination, Regulatory tightening, this can also bring panic selling in this meeting.📉
It is worth mentioning that the steps taken by Donald Trump support the vision of making America the crypto capital of the world.👑
#BTC, ETH, SOL, XRP, ADA Included in Strategic Reserve#