Trump bails out Bitcoin – “to move forward on a Crypto Strategic Reserve”

Trump posted on his own social media app (bolding below is mine):

• A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!

and, later:

• And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be the heart of the Reserve. I also love Bitcoin and Ethereum!

Bitcoin was slammed lower at the end of last week, dipping under US$80K. Trump has stepped in to rescue it:

This article was written by Eamonn Sheridan at www.forexlive.com.