Donald Trump wants to use cryptocurrencies for strategic reserve

According to President Trump, Bitcoin, ether and a few other cryptocurrencies should be part of the US reserve in the future. How this should work is unclear – but the courses attract.

According to an announcement by US President Donald Trump, Bitcoin has meanwhile skipped the $ 94,000 mark. The background is Trump's announcement on a strategic cryptocurrency reserve in the United States. On Friday the Bitcoin had fallen to a good $ 78,000.

US President Trump announced the names of cryptocurrencies for the first time on Sunday, which are to be included in a new strategic crypto reserve in the United States. Trump wrote on social media, currencies such as Bitcoin and Ether should “be the heart of the reserve”.

Course jumps after announcement

In addition to Bitcoin, Trump led other, less focus on cryptocurrencies as part of his planned reserve – including the Ripple -Coin, Solana and Cardano. “I will make sure that the United States is the crypto capital of the world,” wrote Trump. Overall, the courses of the cryptocurrencies mentioned then rose between eight and 62 percent.

Trump's lip service is water on the mills of investors, wrote expert Timo Emden from Emden Research. In the first few weeks after taking office, the hoped -for support for the crypto sector failed. According to Emden, the disappointment is obviously turned back into euphoria.

How it was still unclear

It is not clear how the future reserves should be built up. The declared crypto fan Trump ordered the formation of a working group for digital assets. It should check by July whether the US government should create a strategic Bitcoin reserve.

In German politics, for example, the outgoing FDP boss Christian Lindner spoke out for such a reserve. ECB President Christine Lagarde, on the other hand, rejects the creation of a reserve with the world's leading cryptocurrency Bitcoin.

Crypto summit in the White House

Currency reserves would have to be safe, liquid and protected, the head of the European Central Bank (ECB) recently said. “You should also not be plagued by the suspicion of money laundering or other criminal activities,” she added. Therefore, she does not assume that bitcoins will be reached into the reserves of the central banks of the euro countries.

Investors rely on Trump will make further crypto -specific announcements in the coming days. The first crypto summit will take place in the White House on Friday.