President Donald Trump did not mention a Strategic Bitcoin Reserve in his inaugural speech, leaving many Bitcoin advocates disheartened
President Donald Trump did not include a Strategic Bitcoin Reserve in his inaugural speech, disappointing many Bitcoin proponents. However, his persistent slogan, “Make America Great Again (MAGA),” has sparked optimism among crypto proponents, who anticipate that Trump will prioritize cryptocurrencies originating in the U.S.
In a recent podcast, a prominent cryptocurrency analyst expressed confidence that Trump will follow through on his Strategic Bitcoin Reserve goal. But he went on to say that the President will expand his crypto industry development efforts to include projects like the XRP, SOL, SUI, and ONDO. All of them are cryptocurrencies that were created in the United States.
According to the analyst, the United States government still has a substantial quantity of Bitcoins that might serve as the foundation for such a strategy. However, he believes that the government should broaden its horizons beyond simply stockpiling Bitcoin and begin considering some blue-chip altcoins. Among the altcoins proposed by the analyst is the XRP, which ranks highest among U.S.-made cryptocurrencies in terms of market capitalization.
It is noteworthy that the XRP has experienced a period of relative positivity following several years of significant setbacks. Several developments, including a partial court victory and Gary Gensler stepping down as SEC chair, have led analysts to anticipate a brighter outlook for XRP. Furthermore, internal developments within the XRP ecosystem have contributed to the cryptocurrency's bullish narrative, positioning it as one of the digital assets poised for substantial growth.
Meanwhile, there is a growing appeal for the Solana blockchain within the US crypto environment. Novel memecoins, like TRUMP, are launching on Solana, and many ecosystem platforms within the network are performing well. Crypto analysts foresee a bright future for Solana as the MAGA sentiment fires up.
Other U.S.-origin altcoins, including Cardano (ADA), Chainlink (LINK), Sui (SUI), Ondo Finance (ONDO), and Hedera (HBAR), are also being considered for their unique applications. These cryptocurrencies share the distinction of being developed by U.S. companies, potentially aligning them with the broader national strategy.
The information provided in this article is solely for educational and informational purposes. It does not constitute financial advice or any other type of advice. The article is not intended to serve as a recommendation for buying or selling any particular cryptocurrency, nor does it guarantee any specific level of return. Coin Edition strongly advises readers to conduct their own independent research before making any investment decision.
