This official confirmation refines earlier suggestions regarding the composition of the newly established strategic crypto holdings.
Clarifications from a Washington insider, communicated to Crypto Intelligence News, have established that the United States federal government’s foray into cryptocurrency reserves will be exclusively focused on Bitcoin.
Initial speculation, sparked by a weekend announcement from Donald Trump via his Truth Social platform, had indicated a broader scope for the government’s crypto reserve. Trump’s statement implied that a diverse range of digital currencies, including Ether, Solana, Cardano, and Ripple, alongside Bitcoin, would be incorporated.
This proposition encountered immediate skepticism from prominent figures within the cryptocurrency industry. Many experts voiced the opinion that only Bitcoin, often characterized as “digital gold,” possessed the requisite attributes for inclusion in a national reserve.
The latest information from a Washington source, speaking with Crypto Intelligence News, has now decisively settled the matter.
The US government’s direct cryptocurrency acquisitions for its strategic reserve will be limited to Bitcoin. While other digital assets like XRP, ADA, ETH, and SOL might find their way into the reserve through asset seizures, the government has no plans to actively purchase these alternative cryptocurrencies, according to the informed source.
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