Bitcoin (BTC-USD) settled at $86,100 on March 8, compared to its $80,000 low and $97,200 high in the last month. The U.S. president’s executive order to create a Strategic Bitcoin Reserve and Digital Asset Stockpile led to Bitcoin’s volatility.
The fund will hold digital coins forfeited from criminal or civil proceedings. Cryptocurrency investors should not expect this reserve to hold more than that of gold reserves.
Investors may want to look beyond the widely followed Bitcoin.
In Canada, Cloud3 Ventures announced a new private placement. It will bolster its position within the decentralized finance ecosystem. The private placement will raise CAD500,000. This would benefit Lif3, a DeFi.
In the last week, LIF3 prices rose by 15.7%. However, the cryptocurrency lost 84.5% in the last year.
Ripple XRP is another cryptocurrency to watch. XRP gained 275% in the last year. Although the Strategic Bitcoin Reserve is unlikely to hold XRP, Solana, and Cardano, its prices will follow that of Bitcoin. Despite the low probability, XRP and Ethereum are popular second choices. The Reserve may widen its holding beyond Bitcoin.
In the weeks ahead, watch for speculation about which cryptocurrencies the Reserve may include next.
XRP closed at $2.33, down by 2.31% in the last week. In 2025, XRP is up by over 11%.
