US President Donald Trump's announcement that they will create a US Strategic Cryptocurrency Reserve consisting of Bitcoin, Ethereum, Cardano, Solana and XRP has had a shocking effect on the entire market.
While the Bitcoin price experienced a rapid recovery from its low point, the increases in the altcoins in question were even more dramatic.
The Ice Is Melting Between Cardano and XRP
One of those most surprised by this development was economist Peter Schiff, known for his hostility towards Bitcoin and cryptocurrencies. Schiff criticized the XRP front by saying that he understood the idea of a Bitcoin reserve to some extent, but could not make sense of the idea of an XRP reserve.
Then, Cardano founder Charles Hoskinson, who is not on good terms with the XRP community in particular, made a truly unexpected statement to Peter Schiff. Hoskinson, in response to Schiff's statements, said that the reason for adding XRP to the strategic reserve is that the coin has great technology, has become a global standard, has survived many tough cycles and has one of the strongest communities. In addition, he added that the US President made the right decision by adding XRP to the reserve.
Hoskinson’s response surprised even Ripple’s chief technology officer, David Schwartz, who responded to Hoskinson on X by saying, “Am I dreaming?”
*This is not investment advice.
