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Trump is showing increasing interest in creating national reserves with U.S.-Based cryptos.
Trump Considers Creating Digital Reserves with Solana and XRP
Recently, Trump’s increasing interest in the cryptocurrency market and his statements about integrating these digital assets into economic strategies have sparked new debates about the future of the sector.
Cryptos like Solana and XRP are not only being considered for their technological advancements but also for their U.S. origin, which could make them preferable to Trump. Particularly, XRP stands out for its speed and low costs in financial transactions and digital payments, while Solana has proven itself as an important player in smart contracts and decentralized applications (DApps).
Trump viewing cryptocurrencies as an option for national reserves may symbolize an attempt to find alternatives to the U.S. dollar’s dominance in global markets.
Recognizing the potential of cryptocurrencies, Trump believes these digital assets could play a significant role in the future. This could also be part of a strategy to reinforce the U.S. economic power through digitalization and innovative financial systems.
This development seems likely to not only highlight Trump’s interest in cryptocurrencies but also raise the topic of the integration of the crypto world with the traditional financial system.
Trump’s actions in this regard could impact not only the financial future of the U.S. but also the direction of global cryptocurrency markets.
Recently, Solana (SOL) and Ripple (XRP) cryptocurrencies have attracted significant attention due to notable developments and price increases in the markets.
Along with the news, XRP surged by over 15%, while SOL rose by more than 10%.
XRP’s Price Surge and SEC Case
XRP’s price reached $3.18, marking a peak. This rise is associated with factors like the decline in U.S. core inflation and the increased likelihood of Federal Reserve interest rate cuts. Additionally, the expectation of a positive outcome in XRP’s ongoing case with the SEC has also increased investor interest.
Solana’s ETF Applications and Investment Expectations
ETF applications for Solana and XRP are generating significant interest in the crypto market. JPMorgan analysts predict that these ETFs could attract a total investment of $13.6 billion in their first year. Solana-based products are expected to garner $2.7-5.2 billion, while XRP-based ETFs are expected to raise $4.3-8.4 billion.
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