After weeks of uncertainty over Bitcoin reserves and fading market sentiment, the crypto world is buzzing again. U.S. President Donald Trump is set to announce a Bitcoin Strategic Reserve at the White House Crypto Summit on March 7. Commerce Secretary Howard Lutnick confirmed that a national crypto strategy is in the works, leading to speculation on whether the U.S. will buy more Bitcoin or hold its 200,000 BTC. The market has reacted quickly, with Bitcoin rebounding to $90,000 after dropping to $82,000.
Here’s what Altcoin Daily’s analysis reveals about Trump’s Bitcoin plan and what it could mean for the crypto market.
Trump’s announcement has sparked speculation that the reserve could include more than just Bitcoin. A recent post on Truth Social mentioned a possible “National Crypto Reserve,” raising discussions about whether Ethereum, Solana, XRP, and Cardano could be part of the plan.
There is no confirmation that the government will directly purchase these altcoins, but some believe they could be accepted through donations. If this happens, major crypto firms might contribute assets in exchange for regulatory clarity and other potential benefits.
The White House Crypto Summit will bring together key figures from the crypto industry, showing how serious this initiative could be. Confirmed attendees include:
Top government officials, including acting SEC and CFTC chairs, will also be present. Unconfirmed reports suggest that Solana’s Anatoly Yakovenko, Cardano’s Charles Hoskinson, and Ethereum’s Vitalik Buterin may attend as well.
With such a high-profile guest list, this event could mark an important shift in how the U.S. government approaches cryptocurrency.
Michael Saylor recently pointed out that while Trump could issue an executive order to establish the reserve, actually purchasing Bitcoin might require congressional approval. However, there may be a way around this.
The Federal Reserve holds gold certificates that are still valued at 1970s prices. If these were sold and converted into Bitcoin at today’s market rates, the U.S. could build a significant Bitcoin reserve without new government spending.
According to Altcoin Daily, Trump’s upcoming announcement could shake up the entire crypto market. Just before his statement, a trader made a massive $200 million bet on crypto and even named their account “March 7.” This has raised speculation about whether they had inside information.
While the full details of Trump’s plan remain unclear, analysts believe it will offer a better understanding of how the U.S. government plans to deal with crypto. The big question now is not whether the U.S. will create a Bitcoin reserve, but whether it will include other cryptocurrencies as well.
Solana’s Founder Pushes Back
Not everyone in the crypto space is excited about government involvement. Solana co-founder Anatoly Yakovenko dismissed the idea of an SOL reserve, warning that government control could harm decentralization. However, he reassured the Solana community, saying that if a challenge arises, the ecosystem will adapt.
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