In Washington, DC, the first crypto ball in history is being prepared with great fanfare. Meanwhile, out of sight, crypto companies advance their pawns around the president. Wouldn’t a strategic reserve of “made in USA” cryptocurrencies be better for American startups and for the country? The idea is gaining ground.
Will Donald Trump give up the strategic Bitcoin reserve?
Exit the Bitcoin reserve? Donald Trump is reportedly considering a strategic crypto reserve that would prioritize “ made in USA “.
Former future president Donald Trump campaigned on Bitcoin. For the first time, a politician of such stature spoke about cryptocurrencies to associate them, not with terrorism, Russia or drugs, but with the future: what they really represent.
Even in France, while this election did not concern us, Web3 professionals had taken a position for this candidate.
A very simple choice to make: on one side, the Democrats, who did not even want to receive crypto business leaders for 4 years. On the other, Donald Trump who came to the Bitcoin Conference in Nashville to promise that Gary Gensler would be put out of business.
It is therefore normal that the election of Donald Trump caused a market explosion. If the United States invested heavily in Bitcoin, the effect on the market would be beneficial for giants, like MicroStrategy, as well as small investors.
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Furthermore, the gains would then trickle down to other coins, throughout the entire crypto economy, not to mention the FOMO of other states and companies. In short, this reserve would benefit Really to everyone.
So what would happen if this reserve did not see the light of day? Better not even think about it. Yet this is what is being said, under cover of confidentiality, in those around the president.
While David Sacks organizes the first crypto ball, with entry tickets ranging from $2,500 to $1 million, American crypto companies whisper in Donald Trump's ear.
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America first, crypto second?
The strategic reserve in Bitcoin could be replaced by a reserve “ made in USA », containing cryptos whose head office is domiciled in the United States, like Solana, USDC (Circle) and Ripple.
A hard blow for everyone! For projects like Solana, whose decentralization would legitimately be called into question; for the public, who will feel betrayed; for the wallet of all investors, who see their dream of a Bitcoin supercycle disappear.
The United States is not going to support crypto that doesn't belong to anyone and was created by Satoshi Nakamoto, the obscure cypherpunk. But they will invest In crypto companies whose founders are good and honest American citizens.
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These companies, unlike Bitcoin, are represented by natural persons, with things to lose. That is to say people on whom we can put pressure in the event of a problem. It's hard not to think back to Telegram and the arrest of its CEO Pavel Durov, who ended up giving in to the demands of the French government, once in cell.
The world of crypto that the United States wants to draw does not seem to exactly correspond with the somewhat naive and idealistic image that is relayed. What future for cryptos? Tether will be replaced by USDC, Ethereum by Solana and Bitcoin will disappear?
We applauded Donald Trump when he was elected. Were we applauding the wolf as he quietly entered the sheepfold?
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Investments in cryptocurrencies are risky. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your capacity to lose part of this savings. Do not invest if you are not prepared to lose all or part of your capital
Cryptocurrency expert, Marc-Antoine began his journey in Web 3 alongside David Prinçay (current president of Binance France) in the French Cryptocurrency Club. Since then, it is by writing articles in the best-known crypto media in France that he has spread the good word. If you've read an article about crypto, there's a good chance you've read one of his articles. NFT, Blockchain, Web 3, DeFi, there is not a sector that is foreign to it. And don't ask him what the next coin to buy is: it's a maximalist Bitcoin (yes, no one is perfect).
Marc-Antoine Caen Poletti
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