The strategic reserve for encryption in the United States is probably, more details required: Citi

It seems that the strategic reserve of the American encryption is more likely after President Trump advertisement During the weekend, Wall Street City (C) said in a research report on Monday.

The President announced that XRP, Solana (Sol) and Cardano (ADA) will be included in a strategic reserve, and Bitcoin (BTC) and ETHER (ETH) will be added to the asset list.

Analyst Alex Sonders wrote: “Announcing the additional plans of the US government will be a strategic carrier of digital assets will add to the imagined legitimacy” to the assets category, analyst Alex Sonders wrote.

CITI has noticed that the United States government currently possesses about $ 19 billion in cryptocurrencies, especially in Bitcoin, for $ 750 billion of gold.

The report said that the vast majority of government property of seizures is present in Bitcoin, which means that it is possible that the accumulation of other digital assets will be funded by purchasing the open market.

However, “selection criteria are not currently clear”, and this investment can lead to the transfer of prices against the investor, adding that this is an event for the UK government with gold in the late 1990s.

The bank said that the additional clarity about the selection criteria that will be included in the reserve will be included in the reserve will provide more support.

The Bernstein’s mediator said that the federal reserve can issue debts or sell some of its golden reserves to finance the purchases of the encrypted currency, in a report last month.

Read more: US encryption team to focus on providing national bitcoin reserves: Bernstein