Trump Reserve for encryption is likely to be Bitcoin mostly, bigger than expected: BitWise

Matt Hogan, chief investment official in BitWise, said, although he included many large CAP Altcoins in the market, but the coding reserves planned by US President Donald Trump will ultimately form “completely from bitcoin”.

“The participants in the market have tense the advertisement because the proposed reserve has more than Bitcoin,” Hougan Make up In the market note, March 5. “Including small assets in advertising is unnecessarily complicated.”

On March 2, Trump He said at the beginning It will include SolanaTeller), XRP (XrpCardano (Lead), Later add this bitcoin (BTC) And the fragrance (EthThe “heart” of the reserve will be. Hogan said:

“After dust settles, I think the final reserve will be almost completely bitcoin, and it will be greater than people think.”

Bitcoin initially jumped on the news of its inclusion in the course Reservebut Later To less than $ 83,000 and only regained more than $ 90,000 in the last day, due to Trump’s delay in a tariff for auto parts in Canada and Mexico.

Trump moved away from Bitcoin reserves only I felt anxious Some of the encryption commentators who said that Bitcoin is the only cryptocurrency is suitable for its inclusion in the reserve, as Coinbase CEO Brian Armstrong argues that he is a “gold successor.”

Hogan said: “The inclusion of speculative assets like Kardano feels more than strategy.” He added that “despite the defective start,” he believes that the market “is a bad reading of things,” adding:

“In the end, this is a rise.”

Hogan said that, as with the customs tariff, Trump’s initial proposals are “rarely final”, and inputs in the reserve from Bigwigs in the industry in the next White House The top of encryption You can see makeup change.

Trade Minister Howard Lootnick Glimpse This bitcoin can get a special position in the reserve and “other encryption codes, I think, will be dealt with differently – positively, but differently.”

Hogan said that there is a small, unlikely possibility, unlike It was already seized.

He added that if the United States has a encryption reserve, it will be likely to consider the desire of their Bitcoin chip.

It is also unlikely that the United States will sell any encryption it buys, even if the democratic takes the place of Trump after his departure. Hogan said. He added that any encryption “will be held for a very long time”, such as gold reserves in the country.

Related to: Bitcoin fluctuation rises in the encryption reserve, tariff tensions

“Democratic leaders will not want to alienate voters without benefiting from themselves,” he said.

“There are a large number of people who like to encrypt and a relatively small number they hate,” Hogan added. “We have learned this in the last elections, as the republican party of Crypto has gained many votes while it gained little democratic hostility.”

Hogan said that the first shock to the market “amazes me as an occasion […] I think the market will eventually realize it. “

magazine: Trump’s encryption projects raise conflicts in interests, trading questions from the inside