Proponents of a strategic Bitcoin reserve argue that nation states should stockpile Bitcoin alongside assets such as gold.

Cryptocurrency prices jumped after Trump’s surprise announcement he wants the U.S. government to purchase and hold a variety of digital assets in a strategic reserve fund.

President Donald Trump's announced a US crypto reserve of bitcoin, ether, XRP, sol, and ada. This is what they could achieve and how it might work.

On Sunday, President Trump announced in a Truth Social post the creation of a reserve that will indeed include bitcoin, as well as ether, XRP, Solana’s SOL, and Cardano’s ADA. Predictably, the digital asset market surged after the news, with each of the mentioned tokens climbing double-digits.

Prices surge, helping stem a recent slide in the market for cryptocurrencies.

Trump said in a post on Truth Social that his January executive order on digital assets would create a stockpile of currencies.

The rift over the president’s proposed grab-bag of tokens signals a rocky political road ahead for one of the administration’s most audacious tech proposals. Underlying the issue: His administration has yet to articulate how it intends to reconcile the president’s “America First” agenda with crypto networks that are intended to be decentralized and borderless by design.