Bitgewise CIO: Trumps Crypto Reserve is good news for the market

• The crypto market price has dropped after US President Donald Trump's proposed crypto strategic reserve because it has more than Bitcoin has decreased
• Trump announced on Sunday that the reserve Bitcoin, Ethereum, XRP, Solana and Cardano would hold
• Matt Hougan, CIO of Bitwise, lists three factors that the market is out of the question to follow the news

The CIO of Bitwise has stated that the news from US President Donald Trump about a crypto reserve is optimistic for the market despite a price loss loss.

in a client -memo Matt Hougan said that the announcement by Trump is good news, but the market does not reflect this, which is added:

"Instead, the market participants sent themselves about the announcement because the proposed reserve has more than Bitcoin."

on Sunday Trump took the truth to say that he had instructed his crypto working group to include Bitcoin, Ethereum, XRP, Solana and Cardano in the Crypto Strategic Reserve.

Some leading figures in the crypto room reacted to the news, including Brian Armstrong, CEO of Coinbase, who, the said he was "excited to learn more" and added:

"Only Bitcoin would probably be the best option - simplest and clear story as the successor to gold."

excited to learn more. Still an opinion on the distribution of assets, but my current thinking is:

1. Bitcoin would probably be the best option - the simplest and clear story as the successor to Gold
2. If people wanted more variety, they could carry out a market captain with crypto index ... https://t.co/jv8gcn8n2s

- Brian Armstrong (@Brian_armstrong) 3. March 2025

three things to take into account

According to Bitwise Cio, the market lack three things about Trump's Crypto Reserve News.

The first is that this first proposal is not the final proposal.

In the coming days, people from the crypto industry will make their feelings clear. This could see the idea of the "reserve" scrapped [Getting] or perhaps only limited to assets that the US government already keeps from previous seizures. But I doubt it, ”said Hougan.

"After the dust has settled, I suspect that the last reserve will be almost exclusively Bitcoin, and it will be bigger than people think," he added.

The second point is that other countries buy in crypto. Hougan states that some bitcoiners predict that the US step could produce a global race. Countries like El Salvador, Bhutan and Abu Dhabi have already bought Bitcoin.

other countries on the edge suddenly think that now is a good time to invest instead of staying at zero and preventing a country from taking the lead.

The third point to which Hougan refers is that it is unlikely that the crypto is bought if it is not sold. Despite a Joe Biden administration, which has been less favorable towards Crypto in the past four years, more people love crypto than those who hate it in the USA, he said.

Instead of fluctuating after various elections, he believes that “every crypto that is acquired will take place for a very long time, like the gold of the USA. Democratic leaders will not want to alienate voters for themselves.”

Hougan ends with the “inclusion of small cap assets in the announcement unnecessarily complicated matters ... the US government, which explains the crypto assets“ strategically ”, is optimistic.