Analyst details altcoins in U.S. cryptocurrency reserves

Arthur Meinhard, Head of Global Markets Analytics at Fontvielle, shared his opinion on the current state of monetary reserves and their possible transformation in the context of cryptocurrencies. He noted that there are two main types of monetary reserves in world practice: gold and foreign exchange reserves managed by central banks and funds intended for unexpected economic shocks, controlled by governments.

Two Types of Monetary Reserves

Meinhard emphasized that many countries, such as Russia, Norway and the United Arab Emirates, have funds similar to the National Welfare Fund (NWF) in Russia. However, according to him, the United States does not have a similar fund. This creates certain risks and limitations for the American economy, especially in the context of instability in financial markets.

Donald Trump's Crypto Reserve Fund

According to the analyst, Donald Trump's proposal to create a crypto reserve fund involves the creation of an American analogue of the National Welfare Fund, which will consist of digital currencies and be under the control of the US Treasury Department. It is important to note that this is not about changing the gold and foreign exchange reserves managed by the Federal Reserve System (FRS). Meinhardt emphasized that the Fed does not plan to purchase bitcoins or other cryptocurrencies, which Chairman Jerome Powell has repeatedly emphasized.

The process of creating a fund

Donald Trump has already approved the creation of a crypto reserve fund, and now it must be agreed upon with the houses of parliament. It is known that the fund will not actively buy cryptocurrency on the market, but will be replenished exclusively at the expense of withdrawn funds. This means that the fund can block part of the funds and withdraw them from circulation, which in turn will affect the liquidity in the crypto market.

At the moment, the fund includes about 200 thousand BTC, as well as 122 million USDT, 56 thousand ETH and other digital currencies. However, according to Meinhard, most of the withdrawn cryptocurrencies will be sold and not included in the reserve. In his opinion, the basis of the fund will be Bitcoin.

Altcoins and their future in the fund

Meinhard expressed doubt that altcoins such as Solana or Ripple, which are controlled by private entities, will be included in the fund. He believes that of all the altcoins, the most likely candidate for addition to the reserve is ether (ETH), given its market share and the presence of an ETF in this cryptocurrency. However, even this decision remains questionable due to possible control by the creators of ether.

“Rumors about the inclusion of altcoins will continue, because speculation in the cryptocurrency market is not canceled,” Meinhard concluded, emphasizing the importance of carefully analyzing the situation in the crypto market.