Mon, May 27, 2024 at 10:50

• 

  Kang-hoon

  • Hello Annie, today I have some intriguing news from the crypto world.

  • There’s a proposal suggesting that former U.S. President Donald Trump should consider adding Bitcoin and Ethereum to the country's strategic crypto reserve.

  • 
• Annie

  • Oh, that sounds interesting!😊 Why would they want to add Bitcoin and Ethereum to the reserve?

  
• 

  Kang-hoon

  • Well, the idea is to leverage the growing importance of cryptocurrencies.

  • A top crypto influencer, Zerohedge, suggested that if Trump were elected, he should announce the purchase of 2 million Bitcoin and 10 million Ethereum for a strategic U.S. crypto reserve.

• Annie

  • Wow, that's a massive amount of crypto!

  • But why specifically Bitcoin and Ethereum?

  
• ADward

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• 

  Kang-hoon

  • VanEck advisor Gabor Gurbacs, a prominent figure in the crypto space, expressed his support for Bitcoin, implying that it makes more sense as a strategic reserve asset.

  • This has sparked a lot of debate in the market.

• Annie

  • I see.

  • So, there's a preference for Bitcoin over Ethereum.

  • But why not Ethereum?

  
• 

  Kang-hoon

  • The discussion around choosing Bitcoin over Ethereum has attracted attention, especially since the U.S. SEC gave a regulatory nod for the Spot Ethereum ETF last week.

  • However, some users expressed disappointment over the preference for Ethereum.

  • 
• Annie

  • Hmm, interesting.🤔 And what about other cryptocurrencies?

  • Are they being considered?

  
• 

  Kang-hoon

  • Yes, actually.

  • Another user questioned why not consider Dogecoin instead of Ethereum.

  • This highlights the diverse opinions within the crypto community regarding suitable reserve assets for the U.S.

• Annie

  • Dogecoin?

  • That's surprising!

  • Is it because of its recent popularity?

  
• 

  Kang-hoon

  • Exactly.

  • The growing popularity of Dogecoin, especially with the recent buzz in the meme coin sector, has made it a topic of discussion.

  • However, the main focus remains on Bitcoin and Ethereum.

• Annie

  • Got it.

  • And what about Trump's stance on all this?

  
• 

  Kang-hoon

  • Trump has shown openness towards cryptocurrencies.

  • He recently indicated plans to support crypto companies, acknowledging the growing importance of the industry.

  • His proactive stance includes accepting Bitcoin donations for his campaign and launching NFTs.

• Annie

  • That's quite a shift from the current administration, isn't it?

  
• 

  Kang-hoon

  • Indeed.

  • Trump has called Joe Biden the worst president, criticizing the current administration for hindering the crypto industry's growth.

  • This contrast has garnered Trump immense traction from the crypto community.

• Annie

  • So, overall, what do you think?

  • Is this news good or bad for the market?

  
• 

  Kang-hoon

  • I believe this is positive news.

  • Trump's pro-crypto stance and the discussions around adding Bitcoin and Ethereum to the strategic reserve could drive more institutional interest and investment in the crypto market.

• Annie

  • That's great to hear!

  • Thank you for the detailed explanation, Kang-hoon.😊

  
• 

  Kang-hoon

  • Upon comprehensive consideration, this news is perceived as a 😍Bullish.