US crypto reserve only with Bitcoin? Rather unlikely. (Photo: Freepik, lmamun4)
What does Donald Trump plan to do with Bitcoin and cryptocurrencies? Little by little, new details come to light – but not all of them cause enthusiasm. Some forecasts see Bitcoin bleeding against altcoins, some see the price heading towards $1 million. What should investors know now?
Forecast: Donald Trump is so bullish for Bitcoin and Co.
Donald Trump has reiterated: America should become the crypto capital of the planet. For days now, the self-proclaimed “Crypto President” has been signing one “executive order” after the other, quickly restructuring the country according to his ideas. Crypto investors and analysts are looking forward to developments: Will the 78-year-old keep his word – and follow through with actions? Is the strategic Bitcoin reserve coming – or will “The Donald” leave it with his Trump Coin?
One thing is already certain: There will be no “Bitcoin only” policy under Trump. The 47th US President has just a task force was declared, which will be dedicated to a “strategic national reserve for digital assets”. It sounds cumbersome, but it is unmistakable: the White House under Donald Trump is not just concerned with the crypto reserve currency. “This means not only Bitcoin, but other digital assets (…) will also be added to the reserve,” writes the pseudonymous top analyst “Ash Crypto” his more than 1.5 million followers on X (ex-Twitter). The development is a “massive win for altcoins”, said the industry observer. It is the “most bullish news in crypto history”. That’s not enough. The rumor mill is also churning.
Strategic Bitcoin reserve: Also with Ripple’s XRP?
As the popular trader and influencer Scott Melker claims to have found out “via reliable channels”, it is for the strategic reserve alongside Bitcoin Above all, a cryptocurrency is being discussed: XRP (XRP) from Ripple. “No joke,” assures Melker – we’ll see. A strategic reserve with assets like Ripple’s XRP, Ethereum (ETH), Solana (SOL) or even Memecoins – it would be a kind of accolade for the alternative cryptocurrencies that have so far been nowhere near Bitcoin in terms of legitimacy.
At the same time, blockchain analyzes show Which coins Trump invests in: He or the wallet manager has just purchased 4,700 Ethereum (ETH) for around $15 million, as well as TRON (TRX) for $2.65 million. The coin prices are already reacting: Ethereum was able to increase by 6.61 percent within the last 24 hours, Asia clone TRON (TRX) by 4.7 percent, Ripple’s XRP, on the other hand, gained 4.21 percent.
Cryptocurrencies “Made in USA” in particular have been gaining momentum since Trump’s re-election: They are to be exempt from capital gains tax in order to make the US market more attractive for investors. The 5 largest US cryptos by market capitalization are pushing upwards accordingly: XRP (XRP), Ethereum competitor Solana (SOL), number-one memecoin Dogecoin (DOGE), Cardano (ADA) and the oracle cryptocurrency Chainlink (LINK). Bitcoin (BTC) is not one of them, but is still on the verge of a breakthrough towards $110,000: “Get ready for the next bullish movement,” comment crypto researchers Jan Happel and Yann Alleman in a forecast on X.
Bitcoin: Forecast considers $1 million to be easily achievable
Bitcoin has remained stable above $100,000 and is now optimally positioned for further price jumps: “The target is the previous high at $108,000 to $110,000, but first the zone between $104,000 and $106,000 must be broken through with strength and volume.” The number 1 cryptocurrency is currently trading at $105,257, just 3.6 percent below its all-time high of $109,114, the trading volume is 53.92 percent above the previous day’s value.
Price target for 2025, should the strategic Bitcoin reserve arrive: $500,000 per BTC – “easy”. Matt Hougan is convinced of this in a forecast. Hougan is chief investment officer at Bitwise, one of the largest US crypto index fund managers – and bullish on Bitcoin. “Ultimately I think we will go higher. My goal of $500,000 is based on the assumption that Bitcoin will eat up gold’s market share, when in reality I believe the overall market will grow.” Could Bitcoin also reach $1 million – or more? Hougan: “Absolutely. But $500,000 seems like a good start.”
Disclaimer:
The author and/or associated persons or companies own cryptocoins, including Bitcoins. This article represents an expression of opinion and not investment advice.