President Donald Trump will announce a significant change in the cryptography policy, including plans for a cryptographic strategic reserve, at the Crypto’s summit of the White House on Friday, according to reports, United States Secretary of Commerce Howard Lutnick.
While Bitcoin (BTC) is expected to receive a special state, Lutnick mentioned that other currencies will also be considered positively.
However, the market seems to be a price in minimal expectations for Altcoins, as evidenced by the dull price movements of XRP, Sun and Ada: Trump coins identified Sunday as part of the reserve.
BTC has recovered at $ 91,000 to operate 4.5% less than the maximum of Sunday of more than $ 95,000 brought by the Trump announcement of the Crypto reserve. XRP, however, quotes $ 2.57, or 17% less than Sunday’s maximum of $ 3.02, according to Data Source TrainingView. Ada de Cardano and Sol de Solana are short 27% and 20% from their respective maximums on Sunday.
The delay in these tokens compared to BTC indicates that investors do not anticipate that Trump will assign them an important role in the strategic reserve. Perhaps, Trump’s initial mention of these tokens was the bait to ensure the BTC reserve, as the observers told Coindesk earlier this week.
In addition, some observers believe that a BTC only reserve will also take time to materialize.
“These two things, which we want a BSR, while the IMF actively blocks the sovereign accumulation of the BTC, we are not true at the same time. Therefore, although we can continue the domestic political theater around Bsr (which support, since everything has to start somewhere), the real sign of see is the IMF. When that changes, you will know that the preparation is close. This is a long -term catalyst. Everything, everything, is the IMF.
Park added that the cryptographic community needs to moderate its expectations in the strategic reserve.
