Donald Trump’s Strategic Crypto Reserve: Will Ethereum Join Bitcoin?
It is almost clear that the administration under Donald Trump will establish a strategic cryptocurrency reserve. Many people believe that Bitcoin will be the only cryptocurrency used to create reserves. However, Ethereum enthusiast Vivek Ventures has questioned this argument, highlighting why Ethereum will also be part of Trump’s strategic arsenal. Here comes his argument!
The U.S. Strategic Crypto Reserve and the Role of Ethereum
Vivek described Ethereum as “digital oil,” arguing that the basic concept of a strategic crypto reserve includes ETH. Explaining the extreme importance of Ethereum, he said that this cryptocurrency is not only important to the growth of the digital economy, but also to the global distribution of dollars.
ETH reportedly protects $120 billion in tokenized assets and $110 billion in stablecoins.
Importantly, stablecoins (primarily Ethereum) are now among the largest holders of U.S. Treasuries.
Game Theory: Why Ethereum Matters
Vivek asserts that regulation and cryptocurrency adoption largely depend on Ethereum’s success. Explaining how ETH complements BTC and indirectly points to the limitations of the largest cryptocurrency, he emphasized that Ethereum offers opportunities in the digital economy, not just digital gold.
Trump’s Cryptocurrency Vision and Portfolio
Vivek emphasized Trump’s great vision for the cryptocurrency industry, arguing that the US president-elect’s goal is to make the United States the cryptocurrency capital of the world.
Interestingly, he noted that Trump’s cryptocurrency portfolio relies heavily on ETH, as it is dominated by Ethereum and Ethereum-related assets such as cbBTC, LINK, and AAVE. Additionally, he claimed that Trump is building an Ethereum-centric DeFi project.
Trump’s Impact on Ethereum’s Future
With his crypto portfolio dominated by Ethereum, Trump is expected to inspire many people to re-evaluate how they view Ethereum as an investment. Vivek predicts that 2025 may be the “Year of Ethereum.”
In summary, Ethereum is likely to be included in the U.S. strategic reserve along with Bitcoin, which highlights its important role in the digital economy.