COINDESK DAILY: Trump's Reserve Ignites Crypto Markets
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 3 March 2025
⏱️ 4 minutes
🧾️ Download transcript
Summary
Host Christine Lee breaks down the latest news in the crypto industry as Donald Trump's support for a U.S. crypto reserve sent bitcoin, XRP and ADA skyrocketing.
Bitcoin skyrockets 10%, Cardano’s ADA up to 60% and Ripple’s XRP up to 25% within 24 hours of U.S. President Trump announcing his support for a Crypto Strategic Reserve. Meanwhile, Switzerland's central bank rejects the idea of holding bitcoin reserves and the Ethereum Foundation names two new executive directors. CoinDesk's Christine Lee hosts "CoinDesk Daily."
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This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:43.9 | Wondery, UK. That's audible.com slash Wondery UK. |
| 0:49.3 | The crypto markets are blasting off after Trump repeats support for a strategic crypto reserve. |
| 0:56.6 | It's Monday, March 3rd, 2025. I'm Christine Lee. This is Coin Dust Daily. |
| 1:06.7 | Bitcoin skyrocketing 10%, Cardano's ADA up to 60% and Ripple's XRP up to 25% within 24 hours of U.S. President Donald Trump announcing his support for a crypto strategic reserve that includes those tokens, as well as ETH and Seoul on his social media platform, Truth Social. |
| 1:27.2 | The president's son, Eric Trump suggests |
| 1:29.2 | the weekend announcement was targeted to attract retail traders posting on X, I love the genius |
| 1:34.5 | of announcing a strategic reserve on a Sunday when traditional markets are closed and Wall Street |
| 1:39.9 | sleeps. For the first time, retail investors win. Traditional finance better catch-up, or it will |
| 1:45.6 | quickly become extinct. The world no longer runs on a Monday to Friday 9 to 5. Bitmix Fander |
| 1:51.6 | Arthur Hayes was unmoved, however, saying nothing new here, just words. Let me know when they get |
| 1:57.2 | congressional approval to borrow money and or revalue the gold price higher. |
| 2:01.9 | Without that, they have no money to buy Bitcoin and other coins. |
| 2:07.0 | By contrast, Swiss National Bank President Martin Schlegel rejecting the idea of holding Bitcoin |
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