- Trump’s crypto strategic reserve can favor Bitcoin, despite the first recording of Altcoins.
- Market -Scepsis remained, but Mat Hougan believes that institutional adoption will stimulate long -term growth in the long term.
The growing excitement around President Donald Trump has extended to the crypto room, with discussions that are heated about the potential crypto reserve of his administration.
Bitwise CEO predicts Bitcoin’s dominance
Although reports suggested that various high-market cap altcoins can be recorded, Bitwise Cio Matt Hougan claimed That bitcoin [BTC] Will eventually dominate the reserve.
In a market memorandum dates from March 5, Hougan explained,
“Market participants have soured the announcement because the proposed reserve has more than Bitcoin. The inclusion of small CAP assets in the announcement of the announcement unnecessarily complicated matters. ”
He added,
“After the dust is established, I suspect that the final reserve will be almost completely Bitcoin, and it will be bigger than people think.”
Other execs weigh
That said, Hougan pointed out that many prominent figures in the crypto room have questioned the composition of the reserve, in particular the recording of non-bitcoin assets.
Coinbase CEO Brian Armstrong, for example, went to X (formerly Twitter) and noticed,
Source: Brian Armstrong/X
Bitwise CEO Hunter Horsley also expressed the same when he wrote,
Source: Hunter Horsley/X
Despite the imperfect rollout, Hougan believes that the market overlooks the greater whole.
He remains optimistic and claims that sentiment will eventually shift in favor of the reserve.
The future looks bright
He drew parallels with past policy decisions and noted that Trump’s first proposals often evolve over time, as seen with rates.
Hougan emphasized that a similar pattern could unfold here, which would strengthen the long-term bullish case for Bitcoin and the wider crypto market.
He added,
“Although markets are concerned about the American political reaction to the five-asset proposal, it is important to remember that the most important consumers of this news are not in the US here, but abroad.”
Source: Bitwise/X
In conclusion, recognized Hougan also the concern that the US Crypto Strategic Reserve could get instability with changing administrations.
He is worried that future leadership – especially if a democrat took on after Trump – reverse course and liquidating companies, activating volatility.
However, he states that institutional adoption and the government supported by the government can ultimately strengthen Bitcoin’s long -term position, making it a more deep -rooted active, regardless of political shifts.
Needless to say that he said it best when he concluded,
“The US government explains Crypto -Activa” Strategic “is Bullish. I think the market will eventually realize that.”
Market reaction
In the meantime, Bitwise CIO’s prediction has stimulated market optimism. At the time of the press, according to the last 24 hours, BTC rose by 4.78% to $ 91,677.50 Mint market cap.
The bullish sentiment also extended further than Bitcoin, because the total crypto market hairstyle climbed 4.63% to reach $ 3.01 trillion.
Polymarket facts shows skepticism, with only 24% believing that Trump will establish a Bitcoin reserve within his first 100 days.
So it is still to be seen whether BTERS are doing well or whether Trump is really set to build a crypto reserve.
