It is almost certain that a government led by Donald Trump will build up strategic cryptocurrency reserves. Many people believe that Bitcoin will be the only cryptocurrency used to create reserves. However, Ethereum supporter Vivek Ventures disputes this claim and emphasizes that Ethereum will be part of Trump’s strategic reserve. Here is his argument!
America’s Strategic Cryptocurrency Reserves and the Role of Ethereum
Describing Ethereum as ‘digital oil’, Vivek argues that the basic concept of strategic cryptocurrency reserves includes ETH. Explaining the importance of Ethereum, he says that this cryptocurrency is important not only for the growth of the digital economy, but also for global USD circulation.
ETH reports that it has secured $120 billion in tokenized assets and $110 billion in stablecoins.
Importantly, stablecoins, primarily based on Ethereum, are currently among the top holders of U.S. Treasury bonds.
Game Theory: Why Ethereum is Essential
Vivek argues that regulation and cryptocurrency adoption largely depend on the success of Ethereum. He explains how ETH complements BTC and indirectly points out the limitations of the largest cryptocurrencies, emphasizing that Ethereum provides exposure to the digital economy as well as digital gold.
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Trump’s Cryptocurrency Vision and Portfolio
Noting Trump’s grand vision for the cryptocurrency industry, Vivek said that the US president-elect aims to make the country the cryptocurrency capital of the world.
Interestingly, he pointed out that Trump’s cryptocurrency portfolio is heavily dependent on ETH, as it is dominated by Ethereum and portfolios linked to Ethereum such as cbBTC, LINK, and AAVE. He also claims that Trump is building a DeFI project around Ethereum.
Institutions are taking Bitcoin adoption to new heights! Read our Bitcoin price prediction to see how these trends could affect future prices.
Trump’s Impact on Ethereum’s Future
Trump’s cryptocurrency portfolio dominated by Ethereum is expected to inspire many people to reevaluate how they view Ethereum as an investment. Vivek predicts that 2025 could be “the year of Ethereum.”
In conclusion, the potential inclusion of Ethereum in the US strategic reserves along with Bitcoin highlights Ethereum’s important role in the digital economy.
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