TechFlow news — On March 3, Eliezer Ndinga, Head of Strategy at 21Shares, posted that the recent surge in cryptocurrency prices—particularly altcoins—has been primarily driven by discussions around a U.S. strategic crypto reserve, but market sentiment may be overly optimistic.
He noted that establishing such a reserve would require congressional approval and involve multiple complex issues: asset allocation ratios, holding durations, the proportion held relative to total supply, market integrity safeguards, and asset protection mechanisms.
Ndinga believes the process will take longer than the market anticipates. While Trump could leverage his social media influence to set initial conditions for Congress, the proposal may undergo repeated revisions and delays, ultimately leading to a cooling of current market enthusiasm.
