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President Donald Trump has taken to Truth Social to announce a new US strategic cryptocurrency reserve that will include bitcoin (BTC-USD), ethereum (ETH-USD), Solana (SOL-USD), cardano (ADA-USD), and XRP (XRP-USD). Framework Ventures Co-Founder Michael Anderson joins Market Domination to offer his perspective on this development.
Anderson highlights that since all the digital assets included in the proposed reserve originated in the United States, this signals that "there's a focus on crypto being built in the US." However, he notes that bitcoin and ethereum will likely form the "core assets" of this reserve.
Anderson emphasizes the diverse nature of the selected cryptocurrencies, noting that these digital assets are "fundamentally different altogether."
Nonetheless, he supports the multi-asset approach: "I think it makes a ton of sense that there's not just one asset that's going to be put in there but multiple assets, and I wouldn't be surprised if there's others that get included as well."
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This post was written by Angel Smith