Trump’s First Crypto Summit: Bitcoin Backup Strategy and Tech CEO Attendance

Jakarta, Pintu News – On March 7, President Donald Trump will hold his first crypto summit, which is expected to announce a national Bitcoin BTC1.23%->Current BTC PriceRp 1.363.028.9901.23%Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0 reserve strategy. The event will be attended by prominent crypto industry leaders, including Coinbase CEO and Chainlink founder.

Bitcoin (BTC) Reserve Strategy Announcement

According to a report from Ksenija Pavlovic McAteer, the long-awaited Bitcoin (BTC) reserve strategy will be revealed during the summit. Howard Lutnick, Secretary of Commerce, has been cited as the source of this information. The President has commissioned the Digital Working Group, which includes David Sacks and Secretary Lutnick, to design a digital asset storage framework.

This framework is expected to provide a new direction in the management of crypto assets at the national level. With the Bitcoin (BTC) reserve in place, the US government seems to be taking proactive steps to integrate blockchain technology in its financial operations.

Also Read: The Burning of 20 Million SHIBs: Will Shiba Inu Prices Skyrocket? (7/3/25)

Presence of Crypto Industry Figures

Eleanor Teanor, a Fox Business journalist, reported that several important figures in the crypto industry will be attending the summit. Among them are Brian Armstrong, CEO of Coinbase, and Michael Saylor, founder of Strategy (formerly MicroStrategy). Their presence signifies the importance of this event to the crypto community.

In addition, Kyle Samani of MultiCoin Capital, Zach Witkoff of World Liberty Financials, and Sergey Nazarov of Chainlink are also included in the invite list. They will be joined by Arjun Sethi of Kraken, Vlad Tenev of Robinhood, and Matt Huang of Paradigm, who have confirmed their attendance and pledged to support Bitcoin (BTC), Ethereum ETH2.16%->Current ETH PriceRp 30.995.2242.16%Market CapRp 7.444 TriliunTrading VolumeRp 594,65 TriliunCirculating SupplyRp 120.452.072, and Solana SOL4.60%->Current SOL PriceRp 2.107.5154.60%Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0 builders.

Multi-Coin Approach and Ripple (XRP) Engagement

While there has been no official confirmation of Ripple CEO Brad Garlinghouse’s attendance, he has stated over the weekend that he will be supporting multi-coin crypto reserves, including Ripple XRP5.47%->Current XRP PriceRp 37.5855.47%Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0, at the summit. This approach shows the market’s growing acceptance of different types of cryptocurrencies.

This multi-coin approach may be an important topic of discussion, given the diversity and potential of different cryptocurrencies. With support for more than one type of coin, backup strategies can be more flexible and resilient in the face of market fluctuations.

Conclusion

The crypto summit initiated by President Trump is expected to be an important turning point in the integration of blockchain technology and crypto assets in national financial policy. With the presence of industry leaders and the announcement of the Bitcoin (BTC) reserve strategy, this event will not only influence the crypto market but also future economic policies.

Also Read: Litecoin (LTC) Hit a Record High, Will the Price Surge? (7/3/25)

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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 and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. Trump’s Inaugural Crypto Summit: Coinbase CEO, Chainlink Co-Founder & Top Execs Set to Attend. Accessed on March 6, 2025
• Featured Image: Bitcoin News