The post Altcoins to Watch as The US Is Set to Reveal Its Crypto Stockpile On April 5 appeared first on Coinpedia Fintech News
President Donald Trump’s decision to create an official U.S. government crypto reserve has sparked huge excitement. With the Treasury Department and federal agencies set to reveal their digital asset holdings, including Bitcoin, on April 5, all eyes are on which cryptocurrencies will make the cut.
While Bitcoin’s inclusion seems certain, the real question is: which altcoins will join it? Interestingly, Trump has already dropped hints about his top picks – Here are they!
US Is Set to Reveal Crypto Stockpile
On March 6, Trump signed an executive order to create the U.S. Strategic Digital Asset Reserve also known as the Digital Asset Stockpile, which will include various cryptocurrencies.
As part of the plan, all federal agencies must report their Bitcoin and other crypto holdings to the Treasury Secretary within 30 days, setting the deadline for April 5.
A key point in the order is that the Treasury and Commerce Secretaries are allowed to expand the reserve with budget-neutral strategies. This means they can acquire more crypto assets through strategic deals rather than direct spending.
Key Altcoin To Watch
However, a week earlier, before signing an executive order, Trump took to Truth Social to hint at the digital assets he favors. Alongside Bitcoin, he mentioned Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA). These five cryptocurrencies could play a major role in the U.S. crypto stockpile.
Meanwhile, these assets are among the top cryptocurrencies by market capitalization, making them strong contenders for the reserve. Bitcoin remains the dominant player with a market value of $1.69 trillion, followed by Ethereum at $225.4 billion.
XRP, Solana, and Cardano hold market caps of $123.6 billion, $64.8 billion, and $24.14 billion, respectively.
If federal agencies confirm holdings of these assets, it could trigger a significant rally in their prices.