Zinger Key Points
- Donald Trump’s crypto reserve announcement positions retail investors at an advantage over institutions, son claims.
- Crypto market surges 6% in 24 hours, pushing valuation above $3 trillion.
- Get 5 stock picks identified before their biggest breakouts, identified by the same system that spotted Insmed, Sprouts, and Uber before their 20%+ gains.
Bitcoin BTC/USD and altcoins rallied sharply after President Trump's surprise announcement of a U.S. crypto strategic reserve.
What Happened: In an X post on Monday, Eric Trump praised the timing of his father’s announcement, calling it a shift in financial dynamics that finally gives retail investors a leg up.
He said that traditional financial markets are closed on Sundays, allowing retail investors to bank a “win.”
Eric Trump warned that if traditional finance fails to adapt to the new reality of the world no longer running on a Monday to Friday “nine to five,” it risks becoming obsolete.
The reserve will reportedly hold Bitcoin, Ethereum ETH/USD, Solana SOL/USD, XRP XRP/USD, and Cardano ADA/USD.
Reaction to Eric Trump’s post were mixed, with Strategy executive chairman Michael Saylor saying, “Bitcoin never sleeps,” while trader David Gokhshtein seemed to agree with the president’s son that retail was "finally getting a chance to win."
Why It Matters: The global cryptocurrency market capitalization spiked 6.9% to $3.04 trillion after Trump's announcement pushing Bitcoin above the $90,000 mark.
In an emailed statement to Benzinga, MEXC Chief Operating Officer Tracy Jin noted that Trump’s crypto reserve announcement comes at a critical time, as market sentiment had been turning bearish.
She highlighted that strategic reserves have historically driven demand, citing past price surges in gold and oil. In 2024, institutional and central bank interest in gold pushed prices higher by 26%.
Jin cautioned that Trump may simply be testing market reaction before committing to concrete steps, suggesting this could be an artificial pump.
Key uncertainties remain, including the reserve’s size, how liquidity will be sourced, whether Congress will approve the plan, and how it will be executed.
While the market has reacted positively, investors now await clarity on the reserve’s actual implementation.
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