Unchained
The Chopping Block: Crypto Strategic Reserve, Trump vs. Crypto, Bitcoin’s Future - Ep. 795
Mar 6, 2025
This episode dives into Trump's controversial proposal for a U.S. Crypto Strategic Reserve. The discussion questions whether his mention of XRP and Cardano reflects genuine policy or just political maneuvering. Crypto Twitter's reaction to the summit guest list is also unpacked, spotlighting notable exclusions. Additionally, the collapse of the Crypto Council and the precarious state of memecoins are examined. Critics express concern over using taxpayer funds for purchasing altcoins, questioning if politics is infiltrating the crypto realm.
58:20
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Quick takeaways
- Trump's proposed U.S. Crypto Strategic Reserve initially boosted certain cryptocurrencies but quickly reversed, raising questions about its legitimacy.
- The selection of assets like XRP and Cardano has drawn criticism, suggesting political motivations rather than merit-based decisions.
Deep dives
Market Reactions to Trump's Crypto Announcement
The announcement of a U.S. crypto strategic reserve, initially focused on Bitcoin, was expanded to include other cryptocurrencies like XRP, Solana, and Cardano. Following Trump's tweets, there was a significant market rally with certain assets, such as Cardano, surging up to 70%. However, this spike was short-lived, as the market quickly reversed back to pre-announcement levels due to macroeconomic instability. This volatility raised questions about the credibility of Trump's statements and how much weight investors should place on such announcements.
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