Trump’s Crypto Reserve Plan Fuels Bitcoin’s Surge Past $90K
Bitcoin (BTC) skyrocketed past the $90,000 threshold following reports that former U.S. President Donald Trump is considering giving it a unique status within his proposed national cryptocurrency reserve.
Bitcoin’s Strategic Role in Trump’s Vision
Ahead of the highly anticipated White House Crypto Summit, reports suggest that Trump envisions Bitcoin as the centerpiece of a U.S. digital asset reserve. Commerce Secretary Howard Lutnick hinted at the plan, emphasizing that Bitcoin would stand apart from other cryptocurrencies in the proposed framework.
“The President definitely thinks that there’s a Bitcoin strategic reserve,” Lutnick reportedly stated. “Now there will be the question of how we handle the other cryptocurrencies.”
While Bitcoin may receive special treatment, Lutnick clarified that other tokens would still have a role, albeit under a different model. The revelation sent Bitcoin soaring, reclaiming the $90,000 mark with BTC trading at $90,097—a surge of over 7% since Wednesday.
Market Reactions and Altcoin Speculation
Trump’s push for a national crypto reserve aligns with his recent pro-crypto stance, reinforced by a Truth Social post confirming the inclusion of XRP, SOL, and ADA alongside Bitcoin and Ethereum. However, Lutnick’s comments suggest Bitcoin may hold a privileged position, sparking debates within the crypto community.
Critics argue that prioritizing Bitcoin could distort the market, while some industry leaders believe it may set the stage for a broader altcoin rally. Peter Schiff, a long-time Bitcoin skeptic, labeled Trump’s reserve plan “the biggest crypto rug pull of all time.”
One notable absence in Trump’s evolving strategy appears to be Ethereum’s direct representation, despite its status as a major commodity in the digital asset space. With the White House Crypto Summit bringing together key industry leaders, the event could further shape the future of the U.S. crypto market.
While Bitcoin’s dominant role in Trump’s reserve plan is still unfolding, history suggests that major BTC-led rallies often set the stage for altcoin growth. Whether this move signals the beginning of an altseason or a new regulatory framework remains to be seen.