On March 2, President Donald Trump announced the American strategic crypto reserve. Only a few days later, on March 7, the official implementation order followed, with which the US officially recognizes Bitcoin (BTC) as a strategic property. Altcoins also get more and more recognition and will be included in a separate Wealth Fund. Although we see fluctuations and corrections in the short term, this decision can have enormous consequences for the adoption and growth of the blockchain sector in the long term, says Tim Haldorsson.
More than just price action
Haldorsson, the CEO of crypto marketing agency Lunar Strategy, expects the National Reserve to lower the threshold for developers and investors, because confidence in platforms such as Ethereum (ETH), Solana (SOL) and Cardano (ADA) increases considerably.
With this government support, these networks get a solid foundation. Moreover, this reduces the chance of heavy regulations and opens the door for a stream of new capital in the crypto sector.
Increase in investments and trust
Although the prices are currently showing a big dip, there are clearly positive effects visible after the announcement. For example, the activity on decentralized finance (Defi) protocols such as Minswap and LiQwid Finance immediately raised.
Infrastructure projects, such as Crossschain Bridges and digital identity systems, also benefit from this development. The recognition of a Multichain future paves the way for faster adoption and can accelerate the integration of blockchain technology in traditional financial systems. According to Haldorsson, this is exactly the impulse that the crypto world needs to achieve the next phase of mainstream adoption.
Future prospects
According to the CEO of Lunar Strategy, we can expect a wave of new projects in the coming months that position itself around the American strategic crypto reserve. In the long term, this could mean a fundamental shift in the adoption of blockchain.
Haldorsson compares it with the rise of the internet: once an experimental technology, now an indispensable part of our digital infrastructure. Crypto now seems to be a similar path, and this government support may be the acceleration that is needed to achieve the next phase of global acceptance
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Source: https://newsbit.nl/trumps-bitcoin-reserve-zet-de-deur-open-voor-massale-crypto-adoptie/
