Analysis: XRP, ADA, and SOL Could Be Trump Cards to Ensure Bitcoin and Ethereum Strategic Reserves

On March 4th, as per Coindesk, "Asked for 1000, finally settled for 500." This constitutes a classic tactic in real estate negotiation. It involves starting with an extremely high asking price to gain an upper hand over the negotiating party and eventually reaching a deal at a lower price, which was the intended target. Former real estate tycoon and current U.S. President Trump appears to be employing a similar strategy to ensure the realization of his promised strategic cryptocurrency reserve, which includes Bitcoin and potentially Ethereum. Some observers think that bringing up alternative coins seems to be an extreme asking price approach aimed at overpowering the opposition (Congress) and creating leverage during discussions about the strategic cryptocurrency reserve. Eilan Sollet, the Senior Global Market Strategist at Marex Solutions, stated that "This statement may just be Trump's typical negotiation strategy. By advocating for the establishment of a strategic reserve including XRP, SOL, and ADA, he could then strive to secure a reserve of Bitcoin (and perhaps Ethereum)."