Emre Yumlu 
Trump’s US crypto strategic reserve announcement includes altcoins, boosting Bitcoin by 10% but weakening its dominance.
Trump’s Crypto Strategic Reserve Announcement Drops Bitcoin’s Dominance
Bitcoin’s dominance fell from 55.4% to below 50% after US President Donald Trump announced that XRP, Solana, and Cardano would be included in the country’s “Crypto Strategic Reserve.”
Trump later confirmed via Truth Social that Bitcoin and Ether would be “at the heart of the reserve,” but his inclusion of altcoins caused displeasure among some Bitcoin supporters and even Bitcoin critics.
Bitcoin’s dominance dropped to 49.6% in the last 24 hours as Cardano and XRP surged 60.3% and 34.7%, respectively.
Solana and Ether also rose by 25.5% and 13.1% during the same period, while other altcoins not explicitly mentioned in Trump’s post also gained. Bitcoin rose only 10% to $94,220.
Trump’s Crypto Strategic Reserve Decision Surprised Bitcoin Critics
The Trump administration’s decision not to implement a Bitcoin-only reserve surprised some, including Bitcoin critic Peter Schiff. Schiff, who couldn’t understand the logic of including altcoins, wrote:
“I get the rationale for a Bitcoin reserve. I don’t agree with it, but I get it. We have a gold reserve. Bitcoin is digital gold, which is better than analog gold. So, let’s create a Bitcoin reserve too.”
“But what’s the rationale for an XRP reserve? Why do we need that?”
Meanwhile, Bitwise’s head of Alpha strategies, Jeff Park, said it was a “huge political miscalculation” by Trump in underestimating how critical it was for the Strategic Reserve to focus solely on Bitcoin.
Nick Neuman, CEO of Bitcoin custody solution Casa, said, “The only crypto asset that makes any logical sense as part of a country’s strategic reserve is Bitcoin.”
“Digital assets with infinite supply — especially ones with zero utility — do not fit the bill.”
Pierre Rochard, Vice President of Research at Bitcoin mining firm Riot Platforms, stated that the Crypto Strategic Reserve will “naturally become Bitcoin-only” as altcoins trend towards zero compared to Bitcoin.
White House Crypto Summit to Be Held on March 7
The Crypto Strategic Reserve follows weeks of evaluations by the President’s newly formed Working Group on Digital Assets, led by Bo Hines and David Sacks, the White House’s AI and crypto czar.
Trump will host the first White House Crypto Summit on March 7, inviting industry leaders to discuss regulatory policies and stablecoin oversight. The summit will be chaired by Sacks and administered by Hines.
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