US President’s Strategic Cryptocurrency Reserve

US President Donald Trump’s announcement regarding a US Strategic Cryptocurrency Reserve including Bitcoin, Ethereum, Cardano, Solana, and XRP has significantly impacted the market.

While Bitcoin’s price swiftly rebounded from its lows, altcoins showed even more remarkable increases.

The Ice Is Melting Between Cardano and XRP

Economist Peter Schiff, known for his negative stance on Bitcoin and cryptocurrencies, expressed surprise at this development. He criticized the idea of an XRP reserve, saying he partially understood a Bitcoin reserve but not XRP’s.

In an unexpected turn, Charles Hoskinson, founder of Cardano and not particularly fond of the XRP community, responded to Schiff’s comments. He explained that XRP was included in the strategic reserve due to its impressive technology, status as a global standard, resilience in tough times, and strong community support. Hoskinson affirmed that President Trump made the right choice by including XRP.

This statement even took Ripple’s CTO, David Schwartz, by surprise, prompting him to comment on X, “Am I dreaming?”

> This is not investment advice.