Eric Trump believes that the timing of the strategic announcement regarding Bitcoin, XRP, and Cardano reserves was significant.

After President Trump’s unexpected announcement of a U.S. crypto strategic reserve, Bitcoin and altcoins saw a significant increase in value. Eric Trump took to X to express his approval of the strategic reserve’s timing, emphasizing that it provides retail investors with an advantage in the financial landscape.

Highlighting that traditional financial markets are typically closed on Sundays, Eric Trump noted that this timing allowed retail investors to secure a victory. He cautioned that failure to adapt to the changing dynamics of a world no longer confined to a traditional Monday to Friday schedule could render traditional finance obsolete. The reserve is reported to include popular cryptocurrencies like Bitcoin, Ethereum, Solana, XRP, and Cardano.

Responses to Eric Trump’s post were varied, with Strategy executive chairman Michael Saylor pointing out that “Bitcoin never sleeps,” while trader David Gokhshtein agreed with Eric Trump’s assessment that retail investors now have a chance to succeed.

Following the announcement, the global cryptocurrency market capitalization surged by 6.9% to reach $3.04 trillion, propelling Bitcoin past the $90,000 mark. Tracy Jin, Chief Operating Officer of MEXC, highlighted the timeliness of Trump’s crypto reserve announcement, as market sentiment had been trending bearish. She mentioned that historical trends indicate strategic reserves can drive demand, drawing parallels to past price increases in gold and oil due to institutional and central bank interest.

Jin also raised concerns about the possibility of Trump’s announcement serving as a market manipulation tactic to gauge reactions before implementing concrete measures. Key uncertainties surrounding the strategic reserve include its size, the source of liquidity, potential congressional approval requirements, and the execution process. Despite the positive market reaction, investors are eagerly awaiting further clarification on the implementation of the reserve.

As the situation unfolds, it remains crucial for investors to stay informed and adapt to the evolving dynamics of the financial landscape. The strategic crypto reserve could potentially have far-reaching implications for the cryptocurrency market and traditional financial institutions as they navigate these changes. Investors should remain vigilant and monitor developments closely to make informed decisions in this rapidly evolving environment.