Trump's company launched TRUMP memecoin, which has a high value in contrast to other memecoins, but there is no BTC reserve. This has led to a debate between the pro and anti-Bitcoin camp. Let us get more of this:
Bitcoin waiting for Trump
We know Trump promised a Bitcoin reserve, but it does not appear to have started yet. BTC is still waiting for Trump. In his inaugural speech, Donald Trump made no mention of Bitcoin, which Peter Schiff views to be one of the best aspects of his speech. BTC maximalist Michael Saylor has stated that Trump purchased $47 million in Bitcoin. However, analysts reveal that Trump brought WBTC, which is ERC20 token.
Trump investing in Alts
Trump's company has made significant investments in AAVE and LINK, as well as being one of the major platforms for HODL WBTC and one of the largest ETH stakeholders. This is hugely positive news for the Cryptoverse. Investing in Alts is bright; However, the essential issue is that the BTC reserve is still waiting while Trump does not invest in Bitcoin.
