One of Trump’s loudest campaign promises was to establish a strategic Bitcoin reserve in the U.S., solidifying the country’s status as the Crypto Capital of the World. But now that he’s finally announced his intentions, the crypto community has responded with deep skepticism, if not outright negativity.  

  • Inconsistency and speculative statements
  • Lack of transparency in the financing of the crypto reserve
  • Skepticism about the choice of assets for the reserve
  • Bad reputation of Trump's past crypto projects
  • Concerns about the profit of insiders
  • General disappointment in Trump's crypto policy.

Political statements or speculative noise?

Donald Trump’s latest tweet on his social media platform, Trust Social, sent a ticking time bomb through the crypto world. In it, he revealed plans to build a strategic currency reserve that wouldn’t just include Bitcoin (BTC), but also Ethereum (ETH), XRP, Cardano (ADA), and Solana (SOL).  

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Source: Trust Social

The market didn’t react outright negatively, at least not at first. In fact, Bitcoin surged over 10%, briefly touching $95,000 in a wave of short-term euphoria. But as reality set in, excitement turned to concern.  

Also, Bitcoin had dropped 9%, while Ethereum plunged 15% by Monday. XRP, SOL, and ADA also took significant hits, wiping out most of their weekend gains.  

This is a clear message from the community: they’re done buying into Trump’s crypto promises. The market has spoken through its actions. Trump’s crypto tweets are nothing more than speculative noise, without a clear, actionable plan.

Crypto Community on Trump’s Reserve Plan

Anthony Pompliano, founder and CEO of Professional Capital Management and one of the biggest crypto investors, made his stance clear in a letter to his clients on Monday: he doesn't support Trump’s strategic crypto reserve.  

He warned that the new policy appears to be "a random assortment of speculative assets designed to enrich insiders and token creators at the expense of U.S. taxpayers."  

Pompliano told investors:

I still believe that this large-scale crypto reserve strategy is an unforced error — one that will be regretted in the future.  

Cameron Winklevoss, co-founder of the Gemini exchange, stated that only Bitcoin meets the standard of a true reserve asset. Other cryptocurrencies might get there someday, but, in his words, "that’s an extremely high bar to clear."

Market analyst Tony Sycamore (IG Markets) raised another critical point: how is the government funding these crypto purchases? Initially, it was assumed that taxpayer dollars would foot the bill. However, Sycamore suggests that the funds might actually come from seized crypto assets collected during law enforcement operations. If true, that means 'no new money is entering the market — it’s just a reshuffling of government accounts rather than fresh buying pressure.'

Another analyst pointed out that if the reserve is built from existing government assets, it could simply move funds around rather than inject new capital, significantly weakening its potential bullish impact. 

Journalist Ben Norton alleges a corruption scandal, linking Trump’s so-called "crypto czar", David Sacks, to a corruption scandal. According to Norton, Sacks invested heavily in a fund whose top five holdings just so happen to be the same five assets making up the U.S. government’s crypto reserve.

And let’s not forget Trump’s own disastrous crypto initiatives. His meme coin, $TRUMP, initially rocketed, only to crash over 40% after Melania Trump launched her own token, $MELANIA which then collapsed by 95% within hours.  

This doesn't exactly inspire confidence in Trump’s ability to navigate the crypto space. If anything, it reinforces fears that his latest initiative could end up just like his past projects, a short-lived pump followed by an inevitable dump.

Still No Clear Answers

The crypto community has a lot of lingering questions, and so far, there’s no telling when (or if) they’ll get concrete answers.

  • Where’s the actual plan? Other than appointing a bunch of crypto-friendly officials after taking office, Trump’s administration hasn’t offered investors much in terms of real policy updates.
  • What happened to regulatory relief? There were expectations that crypto regulations would be loosened post-election, but so far, it’s been all talk and no action.
  • What are the legal frameworks? How exactly will this crypto reserve be regulated? And how will agencies like the SEC and CFTC be involved?
  • Is there a long-term strategy? Right now, the reserve feels more like a flashy political stunt than a well-thought-out economic initiative.
  • How much money is being invested? Will we get real numbers, or will this remain a closed question??
  • What does this mean for traditional finance? Could this create a showdown between the crypto market and the U.S. financial system?

As a result, the market sees Trump’s bold statements not as a serious economic plan but as a political maneuver.

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