Trump's plan to maximize the value of BTC, XRP, ETH, SOL: Sacks

According to David Sacks, the newly appointed head of AI and crypto, the Trump administration is looking to maximize the value of Bitcoin, XRP, Ethereum (ETH), Cardano (ADA), and Solana (SOL, all of which are part of a strategic crypto reserve fund, as part of a crypto strategy Speaking on "All In Podcast," Sacks revealed that the U.S. Treasury Department will merge government-owned cryptocurrencies into a digital reserve for "responsible management." He emphasized that the goal is to ensure the safety and increase the value of these assets under the control of the Ministry of Finance "At one point, we had about 400,000 Bitcoins on the federal balance sheet. We sold about half of that for a total value of about $360 million. If we keep all of that, the portion we sold alone would be worth more than $17 billion." Sacks explained Trump recently signed an executive order to create a strategic Bitcoin reserve fund using confiscated crypto holdings. However, the move disappointed traders by not committing to buying new Bitcoins. Instead, the administration plans to buy more Bitcoin through "budget-neutral" methods, avoiding any additional costs for taxpayers Market uncertainty has increased due to this announcement. Some investors see this action as a strategic business decision while others doubt its true dedication According to expert analysts, the establishment of Bitcoin reserve funds by China and other countries could initiate a worldwide competition for the adoption of digital assets. All attention is focused on how the United States will implement Bitcoin into its financial framework as it decides to include this digital currency in its strategy The establishment of a Bitcoin reserve fund by the United States could signal the emergence of a future financial system where Bitcoin competes with gold for global reserve status. Only time will tell.