US to create a strategic cryptocurrency reserve
It will hold Bitcoin, Ethereum, Ripple, Sol, and Ada
Markets surged, but experts are wary
The US controls the world’s reserve currency (dollar)
Crypto reserves could undermine trust in the dollar
No clear economic justification for this move
US already holds $17B in seized crypto
China’s estimated crypto holdings: $19B
Could push central banks to invest in crypto
US-backed crypto reserve could manipulate prices
Buying could inflate prices, selling could crash them
Conflict of interest? Trump & allies have crypto exposure
Bitcoin is decentralised, but Ripple, Sol, Ada are privately controlled
Raises concerns about government ties & market influence
Why hold crypto when the US can print dollars?
Does this signal weakening confidence in the dollar?
A global financial shake-up may be coming