{"id":48574,"date":"2025-03-05T07:23:01","date_gmt":"2025-03-05T07:23:01","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitwise-cio-trumps-crypto-reserve-is-good-news-for-the-market\/"},"modified":"2025-03-05T07:23:01","modified_gmt":"2025-03-05T07:23:01","slug":"bitwise-cio-trumps-crypto-reserve-is-good-news-for-the-market","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitwise-cio-trumps-crypto-reserve-is-good-news-for-the-market\/","title":{"rendered":"Bitwise CIO: Trump&#8217;s crypto reserve is good news for the market"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Bitwise-expands-into-Europe-with-acquisition-of-ETC-Group-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Bitwise-expands-into-Europe-with-acquisition-of-ETC-Group-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Bitwise-expands-into-Europe-with-acquisition-of-ETC-Group-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Bitwise-expands-into-Europe-with-acquisition-of-ETC-Group-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li aria-level=\"1\">Crypto market prices have dipped following US President Donald Trump\u2019s proposed crypto strategic reserve because it holds more than Bitcoin<\/li>\n<li aria-level=\"1\">Trump announced on Sunday, the reserve would hold Bitcoin, Ethereum, XRP, Solana, and Cardano<\/li>\n<li aria-level=\"1\">Matt Hougan, Bitwise\u2019s CIO, lists three factors the market isn\u2019t considering following the news<\/li>\n<\/ul>\n<p>Bitwise\u2019s CIO has said that US President Donald Trump\u2019s news about a crypto reserve is bullish for the market despite a dip in prices.<\/p>\n<p>In a <a href=\"https:\/\/experts.bitwiseinvestments.com\/cio-memos\/the-market-has-this-wrong-thoughts-on-trump-s-strategic-crypto-reserve\" target=\"_blank\" rel=\"noopener\">client memo<\/a>, Matt Hougan said that while the announcement from <a href=\"https:\/\/coinjournal.net\/search\/Donald+Trump\">Trump<\/a> is good news, the market isn\u2019t reflecting that, adding:<\/p>\n<p>\u201cInstead, market participants have soured on the announcement because the proposed reserve holds more than Bitcoin.\u201d<\/p>\n<p>On Sunday, Trump took to Truth Social to say he\u2019d directed his crypto working group to include <a href=\"https:\/\/coinjournal.net\/news\/trump-announces-cryptos-to-be-added-to-us-strategic-crypto-reserve\/\">Bitcoin, Ethereum, XRP, Solana, and Cardano in the crypto strategic reserve<\/a>.<\/p>\n<p>Some leading figures in the crypto space responded to the news, including Brian Armstrong, Coinbase\u2019s CEO, who <a href=\"https:\/\/x.com\/brian_armstrong\/status\/1896350375482970532\" target=\"_blank\" rel=\"noopener\">said<\/a> he was \u201cexcited to learn more,\u201d adding that:<\/p>\n<p>\u201cJust Bitcoin would probably be the best option \u2013 simplest, and clear story as successor to gold.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Excited to learn more. Still forming an opinion on asset allocation, but my current thinking is:<\/p>\n<p>1. Just Bitcoin would probably be the best option \u2013 simplest, and clear story as successor to gold<br \/>2. If folks wanted more variety, you could do a market cap weighted index of crypto\u2026 <a href=\"https:\/\/t.co\/jv8Gcn8N2S\">https:\/\/t.co\/jv8Gcn8N2S<\/a><\/p>\n<p>\u2014 Brian Armstrong (@brian_armstrong) <a href=\"https:\/\/twitter.com\/brian_armstrong\/status\/1896350375482970532?ref_src=twsrc%5Etfw\">March 3, 2025<\/a><\/p>\n<\/blockquote>\n<h2>Three things to consider<\/h2>\n<p>According to the Bitwise CIO, the market is missing three things regarding Trump\u2019s crypto reserve news.<\/p>\n<p>The first is that this initial proposal isn\u2019t the final proposal.<\/p>\n<p>Over the coming days, people from the crypto industry will make their feelings clear. This could see the idea of the \u201creserve [getting] scrapped, or perhaps limited only to assets that the US government already holds from previous seizures. But I doubt it,\u201d Hougan said.<\/p>\n<p>\u201cAfter the dust settles, I suspect the final reserve will be nearly entirely Bitcoin, and it will be larger than people think,\u201d he added.<\/p>\n<p>The second point is that other countries are more likely to buy into crypto. Hougan states that some Bitcoiners predict the move taken by the US could produce a global race. Countries like <a href=\"https:\/\/coinjournal.net\/search\/El+Salvador\">El Salvador<\/a>, Bhutan, and <a href=\"https:\/\/coinjournal.net\/search\/Abu+Dhabi\">Abu Dhabi<\/a> have already all bought Bitcoin.<\/p>\n<p>Other countries on the sidelines may suddenly think now is a good time to invest rather than staying at zero and preventing any one country from taking the lead.<\/p>\n<p>The third point, Hougan refers to, is that once the crypto is bought, it\u2019s unlikely to be sold. Despite a Joe Biden administration who were less favorable toward crypto over the past four years, more people love crypto than those who hate it in the US, he said.<\/p>\n<p>Rather than swaying crypto sales following different elections, he thinks that \u201cany crypto that is purchased will be held for a very long time, like the US\u2019s gold. Democratic leaders won\u2019t want to alienate voters at little benefit to themselves.\u201d<\/p>\n<p>Hougan ends by saying that while the \u201cinclusion of small-cap assets in the announcement unnecessarily complicated matters\u2026The US government declaring crypto assets \u201cstrategic\u201d is bullish.\u201d<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitwise-cio-trumps-crypto-reserve-is-good-news-for-the-market\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Crypto market prices have dipped following US President Donald Trump\u2019s proposed crypto strategic reserve because it holds more than Bitcoin Trump announced on Sunday, the reserve would hold Bitcoin, Ethereum, XRP, Solana, and Cardano Matt Hougan, Bitwise\u2019s CIO, lists three factors [&hellip;]<\/p>\n","protected":false},"author":3947362367,"featured_media":48575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/48574"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362367"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=48574"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/48574\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/48575"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=48574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=48574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=48574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}