On Friday, Trump’s anticipated crypto summit will take place, marking a significant event at the White House. This gathering suggests that volatility in the market could be strong throughout the weekend. What can we expect to hear? Which altcoins may exhibit increased volatility on Friday?
White House Crypto Summit
Take a quick look at the clusters below. You will see those that have applied for an ETF, are based in the U.S., and others. The potential for U.S.-based cryptocurrencies has notably increased. Although the event will have a limited number of participants, all U.S.-based crypto ventures may be invited to the reception held on the same day.
Who Will Attend the Event?
While numerous lists circulate on social media, a more reliable list has been confirmed by the following journalists. Michael Saylor and companies like Coinbase, Ripple $2, and Kraken are in contact with leaders in the sector related to the SEC’s crypto task force, suggesting they may be present tomorrow.
The list of confirmed and unconfirmed attendees is as follows.
What Will Be Discussed?
The primary topic will likely be the conversion of existing Bitcoin $103,080 assets into a strategic reserve. Trump will thus quickly fulfill his promise. David Sacks noted that the early sale of approximately 200,000 BTC by the government prevented billions in potential gains. This indicates that we may witness a narrative focused on converting existing assets into reserves.
Sith Sou shared the following list of potential discussion topics:
- U.S. strategic crypto reserve (BTC, altcoins?)
- Regulatory clarity for crypto
- Stablecoin policies
- Tax reforms for digital assets
- Opportunities and risks in DeFi
- AML compliance
- Blockchain innovation
Yesterday, Howard Lutnick mentioned that Trump could discuss BTC reserve plans in detail at the summit. This raises significant questions for altcoins. However, Trump recently made statements emphasizing the importance of reserves for XRP, SOL, ADA, ETH, and BTC.
It is not surprising that Trump aims to support U.S.-based protocols to make America “the crypto capital of the world.” Considering that other altcoins may enter this list, we could see increased volatility among U.S.-based altcoins in the first segment.
Altcoins Gaining Attention
The following altcoins have recently garnered more discussion due to reserve talks: SOL, ADA, and XRP. Additionally, DOGE and other altcoins related to Trump may be influenced by ETF discussions and developments specific to Trump.
This indicates that whichever direction general market volatility increases, these altcoins may eagerly follow suit.
Notable altcoins that are strong but not listed in the reserve include BONK, DOT, LINK, LTC, HBAR, TRUMP, MELANIA, and AVAX. Some of these may enter the list by Friday.