The post Donald Trump’s Strategic Crypto Reserve: Will Ethereum Join Bitcoin? appeared first on Coinpedia Fintech News
It’s almost clear that the Donald Trump-led government will establish a strategic crypto reserve. Many believe that Bitcoin will be the only crypto to be used to create the reserve. However, Vivek Ventures, an Ethereum enthusiast, challenges this argument, highlighting why Ethereum will also be a part of Trump’s strategic reserve. Here comes his arguments!
The US Strategic Crypto Reserve and Etheruem’s Role
Portraying Ethereum as ‘Digital Oil’, Vivek argues that the basic concept of a strategic crypto reserve includes ETH. Explaining the extreme significance of Ethereum, he states that this crypto is important not only for digital economy growth but also for global USD distribution.
ETH Secures $120 billion in tokenised assets, and $110 billion in stablecoins, say reports.
Importantly, stablecoins, largely on Ethereum, are now among the top holders of US Treasuries.
**A US STRATEGIC CRYPTO RESERVE WILL LIKELY INCLUDE ETHEREUM**
There is mounting evidence that a national strategic crypto reserve will include ETH in addition to BTC as its core holdings
Here’s why:
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— VivekVentures.eth
(@VivekVentures) December 13, 2024
Game Theory: Why Ethereum is Essential
Vivek asserts that regulation and crypto adoption hinge primarily on the success of Ethereum. Explaining how ETH complements BTC, and indirectly pointing to the limitations of the largest cryptocurrency, he emphasises that Etheruem provides exposure to the digital economy, not just the digital gold.
Trump’s Crypto Vision and Portfolio
Bringining the spotlight to Trump’s great vision for the cryptocurrency industry, Vivek opines that the US president-elect aims to make the country the crypto capital of the world.
Interestingly, he notes that Trump’s crypto portfolio is heavily reliant on ETH, as it is dominated by Ethereum and those tied to Ethereum, like cbBTC, LINK and AAVE. Additionally, he claims that Trump is building a DeFI project centered around Ethereum.
Trump’s Impact on Ethereum’s Future
With his crypto portfolio dominated by Ethereum, Trump is expected to inspire many to reassess how they view Ethereum as an investment. Vivek predicts that the year 2025 could be the “Year of Ethereum.”
In conclusion, Ethereum’s potential inclusion in a US strategic reserve alongside Bitcoin underscores its vital role in the digital economy.