Bitwise Claims Trump’s Bitcoin Reserve Will be Larger Than Expected

Bitwise Claims Trump’s Bitcoin Reserve Will be Larger Than Expected
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Trump’s crypto reserve is likely to be “nearly entirely Bitcoin,” says Bitwise CIO Matt Hougan. 
Some industry leaders are not happy with the inclusion of small-cap cryptocurrencies in US reserves.

Bitwise’s Chief Investment Officer, Matt Hougan, shared his view on Trump’s US crypto reserve. Despite initial plans to include various altcoins, Donald Trump’s proposed cryptocurrency reserve will likely end up being almost exclusively Bitcoin, according to Bitwise CIO Matt Hougan.
Hougan highlights that the market’s initial negative reaction to the inclusion of smaller cryptos misses the bigger picture of what could become a significant government investment in digital assets. He predicts that when everything is finalized, Bitcoin will dominate the US reserve. 
Market Confusion Over Reserve Composition
In a March 5 blog post, Hougan stated that including small-cap cryptocurrencies in US reserves unnecessarily complicated matters. On Sunday, March 2, Trump an

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