After Trump’s executive order to create crypto strategic reserves, the digital currency market became very excited. The absence of Binance Coin (BNB) from this list attracted a lot of attention. Changpeng Zhao, the founder of Binance, expressed hope that in the future, BNB would be added to these reserves and asked the community to remain calm. Trump expanded the scope of strategic reserves beyond Bitcoin (BTC) to include cryptocurrencies such as Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA). However, the absence of Binance Coin, valued at $86 billion, has led to speculations about the reason for excluding this cryptocurrency. While most of Trump’s selected altcoins experienced double-digit growth and the price of Bitcoin passed $93,000, the price of BNB decreased against market trends. Zhao explained in a social media post that the cryptocurrencies chosen by Trump are all ‘American coins.’ He believes that the US government first wants to add cryptocurrencies developed by American founders, such as Ripple, to the reserves and then move on to cryptocurrencies like Binance Coin. Zhao urged the community not to react hastily to this decision and reminded that Trump promised to add ‘other valuable cryptocurrencies’ to the reserves. He also predicted that other countries will create their own strategic reserves of cryptocurrencies in the coming months, with Binance Coin likely to be among their options. On the ‘real-time digital currency price page,’ you can see the prices of all tokens and cryptocurrencies live and in real-time.
Find out why Binance Coin was excluded from Trump's strategic reserves and the impact on the cryptocurrency market. Discover insights on the future of BNB and other selected altcoins.