{"id":51008,"date":"2025-03-10T14:46:14","date_gmt":"2025-03-10T14:46:14","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=51008"},"modified":"2025-03-10T14:46:14","modified_gmt":"2025-03-10T14:46:14","slug":"march-madness-trumps-shift-to-crypto-amidst-tariff-turmoil","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=51008","title":{"rendered":"March Madness: Trump\u2019s Shift to Crypto Amidst Tariff Turmoil"},"content":{"rendered":"

Created using <\/em>https:\/\/www.canva.com\/<\/em><\/a><\/p>\n

This March, American President Donald Trump made time to concentrate on America\u2019s crypto policy taking a break from making all those Tariff hike announcements that have prepared other countries for a Tariff war with the\u00a0USA.<\/p>\n

Yes\u2026 a few days ago, I heard a strong statement from the Chinese side implying that if US wants Tariff war or any other kind of war, China is all ready for\u00a0it!!<\/p>\n

Well, that\u2019s another story, coming back to March, with President Trump focusing on making some positive crypto announcements.<\/p>\n

BTC\u2019s prices on decline after reaching it\u2019s peak in 20th\u00a0January!<\/h3>\n

As I highlighted in my previous articles, at the end of February, [US Stock indices were declining](https:\/\/ecency.com\/category\/@mintymile\/-tariff-turmoil-unpacking-trumps-economic-chess-game-csu) in reaction to President Trump\u2019s Tariff proclamations. Bitcoin, too, followed the same\u00a0course.<\/p>\n

The crypto market was disappointed because there was the expectation for Trump to start making policies that will work to do what Trump said he intended which is to make America the crypto capital of the\u00a0World.<\/p>\n

Tariff Turmoil: Unpacking Trump\u2019s Economic Chess\u00a0Game<\/a><\/p>\n

The New Trump Trade Order: Tariffs Hit North American Neighbors<\/a><\/p>\n

Crypto Market acted triumphantly in January welcoming President Trump\u2019s pro-crypto gestures. One of which was President Trump signing an executive order<\/a> on January 25th designating a President\u2019s working committee to devise a regulatory framework for crypto within 6 months. There was assurance that USA would establish a Strategic Bitcoin Reserve Fund as\u00a0well.<\/p>\n

Post that period BTC prices have been declining.<\/p>\n

March 2nd: The Day Crypto Prices\u00a0Bumped<\/h3>\n

Tradingview >><\/a><\/p>\n

On March 2nd, President Trump caused BTC and some other select cryptos to experience a price bump<\/a> with him making bizarre announcements<\/a> in Truth Social platform related to the US Trump Administration\u2019s plan of building a Strategic Crypto Reserve\u00a0Fund.<\/p>\n

Source<\/a><\/p>\n

Here his post mentioned that the fund would comprise of ADA, XRP and SOL. He did not mention BTC in that first post, [you can check it here yourself](https:\/\/cryptopotato.com\/xrp-ada-sol-skyrocket-by-double-digits-in-minutes-after-this-trump-endorsement\/<\/a>).<\/p>\n

It was unbelievable!!<\/em><\/strong><\/p>\n

In his second post, President Trump clarified that this Crypto Reserve Fund would also comprise of BTC and ETH. These 2 cryptos would comprise to be the heart of the US Crypto Reserve Fund, and that Trump loves\u00a0them!<\/p>\n

Source<\/a><\/p>\n

Check out his post here\u00a0>><\/a><\/p>\n

This was the reason why all these cryptos experienced a price bump on March\u00a02nd!<\/em><\/p>\n

ADA\u2019s price bump on March 2nd\u00a0>><\/strong><\/p>\n

Tradingview Chart\u00a0>><\/a><\/p>\n

SOL\u2019s price bump on March 2nd\u00a0>><\/strong><\/p>\n

Tradingview Chart\u00a0>><\/a><\/p>\n

XRP\u2019s price bump on March 2nd\u00a0>><\/strong><\/p>\n

Tradingview Chart\u00a0>><\/a><\/p>\n

ETH\u2019s price bump on March 2nd\u00a0>><\/strong><\/p>\n

Tradingview Chart\u00a0>><\/a><\/p>\n

Public Anticipation: Will Government Crypto Purchases Boost\u00a0Prices?<\/h3>\n

The general expectation was that Trump Administration would buy all these crypto assets from the US Treasury revenue funds comprising of US tax payers money and cause the prices of these crypto assets to shoot\u00a0up!<\/p>\n

Now, the good news is that there is clarification on how the US Strategic BTC Reserve Fund would be\u00a0built<\/a>.<\/p>\n

No New Purchases: The Strategic BTC Reserve Explained<\/h3>\n

President Trump has officially approved the establishment of the US Strategic BTC Reserve and US Digital Asset Stockpile Fund by signing an executive order <\/a>on March 6th to that\u00a0effect.<\/p>\n

US Strategic Bitcoin Reserve will be built by BTCs already in Government procession, with about 200,000 BTC around in existence that Government seized from criminal and civil cases where crimes were committed with\u00a0crypto.<\/p>\n

BTCs obtained here would go into the US Strategic Bitcoin Reserve Fund while other cryptos would go into the US Digital Asset Stockpile Fund!<\/p>\n

No US tax payers money would be used to purchase cryptos to build these Reserve\u00a0Funds!<\/p>\n

An audit would be conducted, to find out the amount of digital asset holdings in procession of the Federal Government.<\/p>\n

None, of these BTCs constituting the US Strategic Reserve Fund would be sold, they would be kept as store of value\u00a0asset!<\/p>\n

These details are thankfully well explained by White House\u2019s AI and crypto Czar David\u00a0Sacks.<\/p>\n

Check his tweet out here\u00a0>><\/a><\/p>\n

Market Reaction: BTC\u2019s Price Decline Despite Bullish\u00a0News<\/h3>\n

Unfortunately, BTC\u2019s price fell <\/a>after President Trump signed the executive order to establish the US Strategic BTC Reserve\u00a0Fund.<\/p>\n

This may have turned out to be the sell-the-news event that the prices of BTC fell. Perhaps the investors were unhappy that the US Government would not be buying BTC to cause BTC\u2019s price to\u00a0rally!<\/p>\n

Traders who longed BTC<\/a> in the futures market expecting BTC prices to go upwards, got liquidated and exited the market. These traders who betted on BTC price to go upwards, were forced to sell their BTCs at lower prices to cover their loses and exit positions.<\/p>\n

That\u2019s all folks, thank you for\u00a0reading!<\/em><\/strong><\/p>\n

My article can also be found in these platforms I post my content\u00a0on-:<\/p>\n

Hive\u200a\u2014\u200ahttps:\/\/ecency.com\/hive-150329\/@mintymilecan<\/a><\/p>\n

Publish0x\u200a\u2014\u200ahttps:\/\/www.publish0x.com\/@greenchic<\/a><\/p>\n

Medium\u200a\u2014\u200ahttps:\/\/medium.com\/@kikctikcy<\/a><\/p>\n

t2World\u200a\u2014\u200ahttps:\/\/app.t2.world\/<\/a><\/p>\n

March Madness: Trump\u2019s Shift to Crypto Amidst Tariff Turmoil<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":"

Created using https:\/\/www.canva.com\/ This March, American President Donald Trump made time to concentrate on America\u2019s crypto policy taking a break from making all those Tariff hike announcements that have prepared other countries for a Tariff war with the\u00a0USA. Yes\u2026 a few days ago, I heard a strong statement from the Chinese side implying that if […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-51008","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/51008"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51008"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/51008\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}