US Government’s $20.9B Crypto Reserve Dominated by Bitcoin, Excludes XRP, SOL, and ADA Despite Previous Hints
The United States has officially disclosed a centralized crypto reserve worth approximately $20.9 billion, with Bitcoin (BTC) comprising 97% of its holdings and Ethereum (ETH) and stablecoins making up most of the rest. Despite earlier public remarks from former President Trump and speculation about including XRP, Solana (SOL), and Cardano (ADA) in the reserve, these coins remain absent. The reserve, established by an executive order and mainly populated through asset seizures, favors widely-held assets like BTC and ETH over those with developer or altcoin community support. The development has sparked debate in the crypto industry: some experts, including Vitalik Buterin, warn that state control over crypto reserves runs counter to decentralization principles. Meanwhile, several US states are initiating their own separate crypto reserves, while others hesitate due to volatility risks. This news reinforces Bitcoin’s status as ‘digital gold’ and is likely to support its continued market dominance in both the short and long term. The exclusion of XRP, SOL, and ADA may shape market sentiment, especially following prior government statements that briefly boosted their prices.
Bullish
The overwhelming allocation of the US government’s crypto reserve to Bitcoin further solidifies BTC’s role as the primary digital asset, reinforcing its position as ‘digital gold’. The absence of XRP, SOL, and ADA after prior government mentions may dampen sentiment for those altcoins, but it was the lack of negative action rather than active rejection. In the short term, this news supports Bitcoin’s ongoing dominance and could trigger continued institutional interest, particularly as government and state-level reserves increasingly legitimize BTC holdings. For altcoins, the disappointment from exclusion could cause short-term retreats, but the market already reacted to initial government signals, and the full allocation details help reduce uncertainty. The direct and clear favoring of BTC in official reserves creates a bullish atmosphere around Bitcoin, with potential for upward price movement and reaffirmed market confidence.