There's a reason it's called a “strategic reserve” — should be the most obvious pointers but it's weirdly the least because crypto xitter is losing their shit over XRP, SOL and ADA being in the mentions.
It should have been obvious from the moment this administration launched two memecoins with a concentrated supply, effectively making it a slow exploit, that their making America the leader in digital assets will involve giving relevance to ecosystems that allows for the government's maximum control.
When you have an administration that includes a guy who thinks DOGE is a better crypto asset to Bitcoin, what really should the people expect?
First, let's retrace our steps to the first line in the first paragraph of this article.
What do I mean by: There's a reason it's called a “strategic reserve”?
First things first, you need to look at the United States government as a VC, because that's essentially what they are. Funds flowing into the government are taxpayers dollars to which there's an expection for it to be put to use in a way that benefits the citizens, an indirect ROI for tax payers.
Common expectations may include lowering the cost of living by tackling inflation problems, lower tax burdens, creating employment opportunities and the list goes on. There's the expectation for some good, that's frankly monetary, fundamentally, to come the way of the citizens.
So if the United States government is a VC by proxy, when it says it will establish a strategic crypto reserve, what does that mean?
Let's rephrase that.
A strategic crypto reserve = a strategic crypto investment.
Replacing the word “reserve” with “investment” makes it easier to grasp what factors influences what assets or tokens make it to the list.
Remember the whole focus on "Made In America?" now you're getting it!
Having known this, there's still an unanswered question and that's why it matters that this is a strategic investment.
The simplest explanation to this is that when VCs make strategic investments, it's unlike any other forms of funding and its benefits goes beyond capital gains or financial returns.
A strategic investment also involves gaining strategic advantages and influence on the firm, or in this case, asset that is being invested in.
United States President Donald Trump recently announced that the President's Working Group on Digital Assets has been directed to include Ripple’s XRP, Solana(SOL), and Cardano’s ADA in the crypto strategic reserve.
The president later added Bitcoin(BTC) and Ether(ETH) to the list of cryptocurrencies to be included in the reserve in an appended post, stating that they would be at the “heart of the reserve.” — Cointelegraph report
The post announcing this, above, made by the president are almost two hours apart and we could quite clearly see it's effects on the market. I believe XRP had the highest gains of over +50%.
BTC and ETH made very little gains in camparison.
I've always wonder how decentralized Cardano was because it's supply stats often shows wide distribution that suggests that retail(small investors) had the most influence in the ecosystem but this event just serves as a pointer that Cardano is centralized by proxy of who controls its developments.
SOL, we know is casino central, why it makes for a good strategic investment can only mean one thing!
That being that the centralized power in control of Solana is also responsible for the numerous memecoin rugs in the ecosystem. Which, would essentially mean that Solana is robbing it's users at great length. It's not just the fees it profits from, most rugs has to be the function of the centralized management.
I mean, there's been numerous speculations on that the same team behind $TRUMP coin and that of the first lady being the same team behind the launch of Libra of Argentina.
It's all the same team, it has to be worse than we can imagine.
Moving on, XRP is already known to be a gaint scam. It's like TRX, periodic pump and dumps that only makes one person money.
By the way, some of this coins are already part of the portfolio of https://www.worldlibertyfinancial.com/
A project led by Trump and family. TRX is part of its investment by the way and it's also called a strategic investment.
See this tweet
None of this is blind investment or investment based on what's most decentralized or upholding of the value of crypto and decentralized blockchains, it's for all for strategic benefits.
It's also important to note that Trump, via the world liberty project is sitting on over $1.24 billion to play with, earned from WLFI token sales.
Make of that information what you like.
All of this should have been obvious from the very beginning. There's obvious market manipulation and power exploits going on.
Fraud is legal now, you can just scam people.
Bitcoin is in the reserve based off technicality, it would be sus if they kept it out. Also, judging by the fact that the United States already controls a number of coins from seizures, most funds could go to buying other assets and not bitcoin.
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