US President Donald Trump’s plan to establish a national cryptocurrency reserve has raised concerns among experts, who warn of a potential speculative bubble with risks to the US dollar. The proposal echoes the fight for a monetary system backed by both silver and gold in the late 19th century, under President William McKinley. While details are scarce, Trump’s language suggests the government may buy digital coins, including volatile tokens like Ripple.
The move is unprecedented and could fuel concerns about corruption and grift. As the US has no experience with a national cryptocurrency reserve, critics question the wisdom of such a plan. With looming tariffs also expected to impact the economy, investors are advised to exercise caution when considering any investments in cryptocurrencies.
Source: https://www.bloomberg.com/opinion/articles/2025-03-04/trump-and-bitcoin-crypto-s-next-bubble-will-be-politically-motivated