Most have heard about Trump's announcement this morning of a shitcoin reserve that will also include bitcoin. Bitcoin never really needed Trump, but shitcoins did. They were struggling to come up with a use case after so many failed narratives. Every cycle was something new and it was becoming apparent that they were largely get rich quick schemes for their founders (who premined and held onto large swaths of supply while slowly and continuously dumping on 'investors').

However, by creating this shitcoin reserve, Trump will essentially make it normal for investors to view this space as they do an S&P or Nasdaq index fund. A new entrant to the space will think, why figure out the difference between these different coins? Why not just buy an index similar to how the USA decided to do? They must know what they are doing, right?

Similar to how there are many zombie public companies that simply won't die because of passive investment flows, I think Trump has now kicked off something similar for cardano, xrp, eth, etc...

These coins really needed this and they lobbied (aka bribed) hard to make sure they would be included. Bitcoin was an afterthought to Trump in his announcement today, he made sure to thank his bribers first (cardano, xrp, solana).