{"id":16704,"date":"2025-03-07T15:17:08","date_gmt":"2025-03-07T15:17:08","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16704"},"modified":"2025-03-07T15:17:08","modified_gmt":"2025-03-07T15:17:08","slug":"crypto-market-is-skeptical-about-the-formation-of-a-u-s-strategic-reserve-jpmorgan","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16704","title":{"rendered":"Crypto Market Is Skeptical About the Formation of a U.S. Strategic Reserve: JPMorgan"},"content":{"rendered":"
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Cryptocurrency markets are likely to remain under pressure in the short term owing to a lack of positive catalysts and skepticism about whether Congress will approve a U.S. strategic crypto reserve, JPMorgan (JPM) said in a research report Wednesday.<\/p>\n

“Not only is there skepticism about congressional approval for such a strategic crypto reserve, but also the feasibility of including smaller tokens outside bitcoin (BTC<\/a>) and ether (ETH<\/a>) given their high risk and volatility,” analysts led by Nikolaos Panigirtzoglou wrote.<\/p>\n

On Thursday, President Donald Trump directed his administration to establish a Bitcoin Strategic Reserve<\/a> to hold the assets that have been seized by the government. He also called for a stockpile of other crypto assets, without naming those that should be included despite mentioning <\/a>XRP, solana (SOL) and cardano (ADA) earlier in the week.<\/p>\n

JPMorgan noted that talks about bitcoin inclusion in strategic reserves at the state level have also failed to garner support. <\/p>\n

States including Montana, North Dakota, South Dakota and Wyoming have all rejected such proposals due to “risk and volatility” concerns, the report said.<\/p>\n

The world’s central banks are equally cautions about including the world’s largest cryptocurrency in their reserves.<\/p>\n

The Swiss National Bank (SNB) and the National Bank of Poland have rejected adding bitcoin to their reserves, instead opting for more stable assets such as gold, JPMorgan noted.<\/p>\n

Singapore also rejected the idea. “Cryptocurrencies do not align with [the bank’s] long-term investment strategies due to their speculative nature,” it said.<\/p>\n

The European Central Bank (ECB) has criticized the idea of bitcoin as a reserve asset, and this is indicative of the wider skepticism amongst policy makers about using cryptos as reserve assets, the report added.<\/p>\n

Read more: Trump’s Strategic Crypto Reserve is a Positive, Market Has Got it Wrong, Bitwise Says<\/a><\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Cryptocurrency markets are likely to remain under pressure in the short term owing to a lack of positive catalysts and skepticism about whether Congress will approve a U.S. strategic crypto reserve, JPMorgan (JPM) said in a research report Wednesday. “Not only is there skepticism about congressional approval for such a strategic crypto reserve, but also […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-16704","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16704"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16704\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}