March 4, 2025
Focusing On Regulation
Trump’s plan includes adding digital assets like BTC, XRP, SOL, ADA, and ETH to the U.S. reserve, with other states also exploring similar measures. However, Australia is focusing on regulating digital asset platforms rather than creating their own reserve.
Source: Australian Government Spokesperson
Tom Matthews of Swyftx warned that a crypto-focused reserve could present complexity and concentration risks due to the market’s volatile and unpredictable nature. He suggested a sovereign wealth fund holding crypto as a more feasible option.
Long-Term Potential
Kraken’s Jonathon Miller noted that crypto is already an investment-grade asset, with ETFs, superannuation funds, and sovereign wealth funds investing in it. He said it should be considered by long-term asset allocators like the Future Fund.
Regulators are also increasing their focus on crypto, with AUSTRAC planning to target the sector in 2025 and ASIC consulting on new guidance for crypto as financial products. Elsewhere, Martin Schlegel recently rejected the idea that Switzerland’s Central Bank should hold part of its reserves in BTC.
