Crypto News! America vs Europe Bitcoin Strategic Reserve COMING!!

Altcoin Daily

Bitcoin Reserve Announcement

  • The Trump administration has not made an announcement about the Bitcoin Reserve yet
  • Texas is moving forward with legislation to create a Bitcoin strategic reserve
  • 15 US states are considering a Bitcoin strategic reserve bill

European Central Bank on Bitcoin

  • ECB President Christine Lagarde says Bitcoin will not be included in EU central bank reserves due to concerns about liquidity, security, and money laundering
  • However, the Czech Republic Central Bank has approved a proposal to consider investing in Bitcoin as a reserve asset

Bitcoin Adoption and Price

  • Bitcoin is closely following the 2017 cycle, with a potential for further growth
  • The US M2 money supply has increased by $870 billion since October 2023, driving market growth
  • Bitcoin's price is expected to continue rising due to increased liquidity

XRP News

  • Grayscale has filed for a spot XRP ETF with the New York Stock Exchange
  • If approved, issuers will have to accumulate XRP, potentially driving up the price
  • XRP has broken out of its triangle and gained regulatory clarity, with a potential target price of $8

Critique of XRP

  • Anthony G., founder of Innovating Capital, criticizes XRP for being centralized and controlled by Ripple Labs
  • He argues that XRP's decentralized ledger is actually controlled by Ripple Labs, making it vulnerable to regulatory overreach and potential network breakdown
  • The host disagrees, thinking XRP is more likely to get an ETF before being added to a reserve, and that Bitcoin is the better choice for a strategic reserve due to its decentralized nature