Finally something coming up from the US president Donald Trump and it's not just about Bitcoin. Bitcoin reserve has been one of the important topic for the discussion after the US presidency election and after 20th January when Donald Trump has taken the power in United States he has already talked about it.
Now there is another update that Trump has talked about and it is that he is proposing a bitcoin litera reserve which is basically a crypto reserve and it is not just for the Bitcoin. Now this reserve is going to be for a couple of crypto coin which includes Bitcoin Ethereum solana Ada and XRP etc.
In his post, Trump wrote, “A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA
As of now it is difficult to say what coins are going to be part of this reserve but one thing is confirmed that Bitcoin will be part of it and primarily this reserve is created for the Bitcoin however on top of that more coins will also be added into this.
For any country having reserve for certain cryptocurrency is a big news update and if it goes live in the US then imagine how much demand it will create. The reason why this reserve is going to be crucial market because the country will be holding those Bitcoin for the long term and they will not be selling it. If any countries government say something then the following strictly which is where they will be buying the Bitcoin in some other coins and they will also be holding it the long term.
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