Trump’s Crypto Project Appears to Buy Tokens Before White House Summit

Based on the US carrying $36 trillion in debt, the only way we can see a Reserve being established is by a transfer of crypto held by the US government from proceeds of crime into a reserve, which amounts to no on-market buying,

Tony Sycamore, market analyst at IG, wrote on X on Monday

A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration,

Trump wrote

The President definitely thinks that there's a Bitcoin strategic reserve,

Lutnick told The Pavlovic Today

So Bitcoin is one thing, and there the other currencies, the other crypto tokens, I think, will be treated differently—positively, but differently,

he explained, suggesting that there will be a separate reserve for other crypto assets

They all hate each other, ... But they hate outsiders more.”

Carter said, adding

There are lots of different people, and we don’t always, you know, see perfectly eye to eye,

he said

A strategic reserve is for something that is essential, either for national defense or national economic security,

Cecchetti says

We should be doing everything we can to keep our fiscal house in order in dollar terms, which means cutting the deficit and future expenditures to a sustainable path, not trying to YOLO into an asset that benefits from dollar decline.”

Austin Campbell, a crypto entrepreneur and a professor at NYU Stern, wrote on X

Just because an asset has gone up in the past doesn’t mean it will go up in the future,

says Chester Spatt, professor of finance at Carnegie Mellon University’s Tepper School of Business

It's foolish to purchase risky assets with leverage in the hope of making it easier to repay your debt,

he says

Nobody announced a tax or a spending program,

Sacks wrote, in response to Lonsdale's post

A strategic reserve that looks like a retail trader’s 2017 portfolio indicates that the US admin doesn’t really understand the value proposition of bitcoin or the rest of … the crypto market,

Bentley wrote

The second you start to sell, the price is going to start tanking,

Allen said

Bitcoin is transforming not only our country but the world and becoming the first developed nation to use Bitcoin as a savings technology secures our position as a global leader in financial innovation,

she said

I will make sure the US is the Crypto Capital of the World,

he wrote on Truth Social at the weekend

While he chokes off cancer research and fires VA researchers, the President is using your taxpayer dollars to buy crypto and enrich his personal allies,

she said