Eric Trump acknowledged the significance of creating a U.S. Crypto Reserve and its potential impact on the financial landscape.
The Announcement and Its Role
On March 2, 2025, President Donald Trump announced the creation of a U.S. Crypto Reserve, initially selecting XRP, Solana (SOL), and Cardano (ADA) as part of the reserve and later adding Bitcoin (BTC) and Ethereum (ETH). The announcement was made on Truth Social and X.
Eric Trump's Reaction
Eric Trump commented on his father's decision on X, highlighting the cleverness of making such an announcement on a Sunday when traditional financial markets are closed, offering an advantage to retail investors.
Difference Between Traditional and Crypto Markets
Eric Trump's comments underline the differences between the operation of traditional markets and cryptocurrencies. While Wall Street works Monday to Friday, the crypto market operates 24/7. This ensures faster dissemination of news, instant market reaction, and continuous engagement of investors.
The creation of the U.S. Crypto Reserve and Eric Trump's remarks highlight the ongoing interplay between traditional and cryptocurrency markets, signaling potential shifts in the industry.
