A week ago, a surprise announcement by Donald Trump that certain cryptocurrencies, including ethereum, Ripple’s XRP, solana’s SOL and cardano’s ADA, would form the basis of a U.S. crypto reserve sent shockwaves through the market. Since then, bitcoin prices have been volatile.
The US Treasury has announced plans to “maximize the value” of its bitcoin holdings by moving them to a digital stockpile. David Sacks, the new AI and Crypto Czar, said the goal is responsible stewardship, safekeeping, and maximizing value.
Bitcoin’s price has dropped to around $80,000 per bitcoin before rebounding slightly. Analysts expect prices to drop further, potentially reaching $70,000 or lower. Ethereum rival solana and dogecoin are leading the market lower, with each down 6%.
Some analysts believe that the US crypto reserve plan could benefit bitcoin in the long run by sparking a “race” among other nations to adopt similar reserves. The potential shift from gold to digital assets could increase global adoption of cryptocurrencies.
However, some investors are pulling out of bitcoin, viewing it as a risky asset class for the first time since Trump took office. With prices now back at $85,000 per bitcoin, which was its level at the beginning of March, the US Treasury aims to use budget-neutral methods to acquire more bitcoin.
Source: https://www.forbes.com/sites/digital-assets/2025/03/10/maximize-the-value-trumps-price-plan-for-bitcoin-xrp-eth-sol-and-ada-revealed