In a post on White House Crypto Zar, billionaire David SKS QS, Social Media Platform X, the reserve would be invested with the Bitcoin owned by the federal government.
People present at the White House Crypto Summit on Friday expect the event to announce the formal plans for Trump to create a strategic reserve with Bitcoin and four other cryptocurrencies.
Earlier this week, Trump announced a five -digit property name that he expected to be involved in this reserve, leading everyone’s market value. The five are Bitcoin, Ether, XRP, Solana and Carda, the President said.
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The world of cryptocurrencies is very dynamic. Prices can go up or down in terms of seconds. Thus, reliable answers to such questions are crucial for investors.
It is not clear how such a reserve will work or how taxpayers will benefit.
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Trump’s steps to support the crypto industry, who supported millions of him and other Republicans in the November elections, have already been concerned about the rich community and the digital currency industry from some Rs SERV Chit and crypto supporters.
Supporters argue that reserved taxpayers will help to benefit from crypto prices growth.
Conflict concerns have also caused the President’s support for the crypto industry
. Trump’s family has launched cryptocurrency meme coins, and the President also holds part of the crypto platform World Liberty Financial.
His assistants have said that Trump has controlled his business enterprises, which are being reviewed by moral lawyers.
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