Bitcoin (BTC) Dominates: Trump’s Crypto Reserve Plan Sparks Market Speculation March 2025

Jakarta, Pintu News – Commerce Secretary Howard Lutnick recently revealed that President Trump plans to discuss the strategic reserve of cryptocurrencies in the upcoming White House Crypto Summit. Lutnick emphasized that Bitcoin (BTC) will get a special status in this plan, in contrast to other cryptocurrencies.

“Bitcoin is one thing, and then other cryptocurrencies, other crypto tokens, I think will be treated differently-positively, but differently,” he added. The news has pushed Bitcoin (BTC) back towards the psychological level of $90,000, with Bitcoin (BTC) trading at $90,097.

Market Reaction to Announcements

This announcement has sparked widespread speculation and increased bullish sentiment in the Bitcoin (BTC) market. BeInCrypto reports that this represents a surge of over 7% since the opening of Wednesday’s session. Although President Trump has long been known as a supporter of the digital asset industry, his focus seems to be more skewed towards Bitcoin (BTC) compared to other cryptocurrencies.

In a post on Truth Social, Trump affirmed his commitment to boosting the crypto sector, stating that the US crypto reserve will include Ripple (XRP), Solana (SOL), and Cardano (ADA) along with Bitcoin (BTC) and Ethereum (ETH).

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Debate and Speculation among Crypto Leaders

Despite support from some quarters, not all crypto leaders have welcomed this plan. Longtime Bitcoin (BTC) critic Peter Schiff called Trump’s crypto reserve plan “the biggest crypto rug pull of all time.”

Meanwhile, some experts have previously predicted that more altcoins could be included in the reserve, but Lutnick’s latest statement challenges those forecasts. Moreover, the role of Ethereum (ETH) in the crypto reserve strategy remains unclear, although there will be representatives from the ecosystem running on Ethereum (ETH) at the summit.

Conclusion

Despite concerns about potential market distortions, many believe that if Bitcoin (BTC) gets special treatment, other altcoins could still benefit. History has shown that Bitcoin (BTC)-led rallies often pave the way for altcoin surges. With this new plan in place, perhaps we will witness a new era in cryptocurrency investment.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• BeInCrypto. Bitcoin to $90K, Trump Crypto Reserve. Accessed on March 6, 2025
• Featured Image: Generated by AI