Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13105
Markets: 101189
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
13105
Cryptocurrencies
60.37%
Bitcoin Share
BitcoinSistemi 2025-03-03 18:38:08

Crypto-Friendly Millionaire Anthony Pompliano Calls US Altcoin Reserve “Insanity,” Explains Why It’s Not Viable

Crypto-Friendly Millionaire Anthony Pompliano Calls US Altcoin Reserve “Insanity,” Explains Why It’s Not Viable

US President Donald Trump's proposal to create a cryptocurrency strategic reserve has sparked a huge backlash, with financial expert and investor Anthony Pompliano describing the idea as “crazy.” Speaking at Varney & Co, the founder and CEO of Professional Capital Management expressed skepticism about the inclusion of multiple cryptocurrencies in the proposed reserve. The plan, which reportedly involves holding five or six different digital assets, has drawn comparisons to a hedge fund. Pompliano questioned how the government would determine the allocation of assets within the reserve, particularly how it would balance assets like Bitcoin and Solana: “How do you decide if you want more Solana and less Bitcoin? How do you do that? We don't know all the details yet, but from what we know right now, it's crazy.” Pompliano noted that Trump’s initial campaign discussions revolved around a Bitcoin-only strategic reserve, emphasizing BTC’s limited supply and status as a global store of value. However, recent reports suggest that the reserve could include multiple U.S.-based cryptocurrencies rebranded as an “America first” crypto initiative. Related News: There Will Be Intense Cryptocurrency Spotlight In The US Senate This Week - Here Are The Details Of The Development Expected To Be Positive “Bitcoin is strategic because it has a limited supply, is backed by the most powerful computing network, and is completely decentralized,” Pompliano explained. “If we’re adding random altcoins to the reserve, why not Tesla, GameStop, or hedge fund interests? That approach just turns it into speculation.” Bitcoin reserves have become a growing trend among some countries, including El Salvador, Bhutan, Russia, and the UAE. The Abu Dhabi Sovereign Wealth Fund has also reportedly started buying Bitcoin. Pompliano noted that these countries view Bitcoin similarly to gold and hold it as a strategic asset. “Countries are treating Bitcoin like gold and stockpiling it on their balance sheets. That’s the strategic value,” he said. Pompliano suggested that Trump’s inclusion of multiple cryptocurrencies could be a negotiating tactic. He suggested that the initial plan could be a starting point that would eventually result in a Bitcoin-only reserve, referencing the president’s well-known bargaining style. “If you think about The Art of the Deal, maybe he wants five or six assets but he’s only willing to negotiate down to Bitcoin,” he suggested, adding: “I don’t know if that’s what he’s doing, but I hope so.” *This is not investment advice. Continue Reading: Crypto-Friendly Millionaire Anthony Pompliano Calls US Altcoin Reserve “Insanity,” Explains Why It’s Not Viable

Most Read News



Cryptohopper
Market Cap
24h Vol
60.37%
Bitcoin Share
704
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.