Massive Gains In Crypto After Trump’s Policy Shift

The crypto market is experiencing a spectacular rebound following an unexpected announcement from U.S. President Donald Trump. With the official announcement of the creation of a crypto strategic reserve, a national fund aimed at holding several major cryptos, he has triggered a massive wave of purchases in the market. Investor enthusiasm has propelled certain assets to levels not seen in weeks, with Cardano (ADA), XRP, and Solana (SOL) leading the most significant increases. However, behind the market euphoria, this initiative has also sparked criticism and questions regarding its motivations and real implications.

A strategic reserve that drives up prices

Donald Trump’s announcement had an immediate effect on the crypto market. With the disclosure of this strategic reserve project for cryptos, the U.S. president confirmed the inclusion of Bitcoin (BTC), Ethereum (ETH), XRP, Cardano (ADA), and Solana (SOL) within this unprecedented fund. This initiative, described as a measure of economic sovereignty, aims to store cryptos acquired through legal purchases and seizures made by the federal government.

The effect on the market was immediate. In 48 hours, the total market capitalization of cryptos surged by 20 %, erasing the losses accumulated at the end of February. Thus, Cardano and XRP recorded the most significant gains, followed by Trump’s official memecoin and Solana, which saw its price rise by 24.8 %. Conversely, BNB (Binance Coin), although in the green, has only risen by 2.55 %, and shows one of the lowest gains among the top ten cryptos in terms of capitalization.

A project that divides the industry

While this announcement has stimulated the market, it has not garnered unanimous support among influential figures in the crypto industry. Some actors, particularly supporters of Bitcoin maximalism, question the relevance of including assets other than BTC in this strategic reserve. Naval Ravikant, a recognized entrepreneur and investor, criticized the initiative and stated on the social media platform X (formerly Twitter) on March 2, 2025, that “the American taxpayer should not serve as liquidity for allegedly decentralized cryptos.”

The founder of Aave, Stani Kulechov, also expressed his reservations, as he emphasized on the X platform on March 2 the absence of DeFi protocols in this selection: “The good side: a crypto strategic reserve is in preparation. But, the bad side: it lacks DeFi. The worst: the presence of XRP, SOL, and ADA.” Even Peter Schiff, a fervent critic of Bitcoin, acknowledged that a reserve in BTC could be justified and compared it to “a digital gold, more effective than physical gold,” but questioned the interest of including assets such as XRP.

This announcement also raises questions about the use of this reserve and its impacts on market regulation. Its precise operation remains unclear, particularly regarding how these assets will be managed and utilized by the government. Furthermore, the debate about centralization and crypto lobbying is gaining traction, as some observers see this project as an attempt to legitimize certain cryptos with institutions. The prospect of institutional adoption of cryptos via this strategic reserve could enhance the rise of the market, but also provoke new regulatory challenges. As the details of this project are likely to be clarified in the coming weeks, this initiative marks a significant turning point in American policy regarding these assets.