President Trump announced a plan to have the U.S. government buy cryptocurrencies like Bitcoin and Ethereum. This caused cryptocurrency prices to jump temporarily. However, many people are questioning the plan and whether it's fair.
- Trump wants to create a "Crypto Strategic Reserve."
- The government would buy Bitcoin, Ethereum, XRP, Solana, and Cardano.
- Critics worry about using taxpayer money to buy crypto.
- Trump's crypto advisor, David Sacks, also faces questions about his investments.
Cryptocurrency | Price Change (Approximate) |
---|---|
Bitcoin | +$10,000 (temporary) |
Others | Similar temporary increases |