Economist and well-known Bitcoin critic Peter Schiff has once again stirred the crypto community with his commentary on the proposed Strategic U.S. Crypto Reserve.

In a recent tweet, the gold bull expressed a reluctant understanding of the rationale behind a Bitcoin reserve but criticized the inclusion of XRP and other altcoins in the U.S. national crypto reserve plan.

On Sunday, U.S. President Donald Trump announced on Truth Social that his January executive order on digital assets had directed the Presidential working group to move forward on a national Crypto Strategic Reserve.

U.S. Crypto Reserve Plan

While this initiative was initially planned to include only Bitcoin, several crypto community members were surprised when Trump mentioned it would add altcoins like ETH, XRP, SOL, and ADA. This announcement triggered a market surge, with Bitcoin rising over 10%, XRP soaring 40%, and ETH, SOL, and ADA also posting notable gains.

However, Schiff seemed unimpressed with the decision to add XRP to the U.S. reserve. While he acknowledged the logic of a Bitcoin reserve, he questioned the rationale behind including XRP in the country’s national stockpile.

“I get the rationale for a Bitcoin reserve. I don’t agree with it, but I get it. We have a gold reserve. Bitcoin is digital gold, which is better than analog gold. So let’s create a Bitcoin reserve too. But what’s the rationale for an XRP reserve? Why the hell would we need that?” he said on X.

Community Reacts

The XRP critique drew swift backlash from the crypto community, with many arguing that the digital asset’s role in cross-border payments makes it a viable reserve asset—something Schiff dismissed.

Jason Higgins, a tech advocate and crypto trader, commented:

“Peter Schiff is being intellectually dishonest here. He gets Bitcoin reserves because it’s “digital gold,” but conveniently ignores that XRP is designed for efficient global payments something gold and Bitcoin both fail at. A reserve of XRP makes sense for institutions facilitating instant, low-cost cross border settlements. Dismissing it without engaging in its use case is lazy.”

Schiff’s comments reflect his long-standing view that Bitcoin, while flawed, at least mimics gold’s scarcity narrative—something he believes altcoins like XRP, designed for efficient global payments, fail to justify in a national reserve context.

Meanwhile, in a separate X post, Schiff framed Trump’s announcement as a “bailout” to prop up a faltering crypto market, suggesting Bitcoin was “on the verge of another sharp selloff” before the post rallied prices.

TL;DR

• XRP and ADA surged after Donald Trump announced a strategic crypto reserve that included these assets. Whales bought millions of tokens, signaling strong confidence.

• Analysts predict XRP could hit $3.65, and ADA may rally to $9. However, with RSI above 70, both assets are in overbought territory, raising the possibility of a short-term pullback.

Filing the Bags Again

The past 24 hours have been more than successful for the cryptocurrency sector, with the total market capitalization soaring back above $3.1 trillion. While Bitcoin (BTC) and Ethereum (ETH) have recorded substantial resurgences, it was XRP and ADA that made the headlines.

Ripple’s native token exploded to just over $3 several hours ago. Later, the price retreated and now trades at around $2.70 (per CoinGecko’s data). Cardano’s ADA experienced an even more impressive pump, skyrocketing above $1.10 and currently hovering above $1. 

The assets’ positive performance is directly linked to one of Donald Trump’s latest announcements. On March 2, the US president confirmed that his administration will move forward with the establishment of a strategic crypto reserve that will include XRP, ADA, and other digital assets. 

The disclosure infused huge excitement in the crypto space, while large investors increased their exposure to the aforementioned tokens. According to Ali Martinez, whales purchased more than 270 million XRP in the past 48 hours and accumulated roughly 200 million ADA in the last 24 hours. 

These actions signal strong confidence in the assets and could inspire smaller players to hop on the bandwagon and inject fresh capital. Additionally, continuous efforts of that type reduce the circulating supply of XRP and ADA, making them potentially more valuable (assuming demand doesn’t head south).

The Next Possible Targets

Despite slightly retracing from their local tops, XRP and ADA were forecasted to reach new peaks in the near future. The X user CRYPTOWZRD believes Ripple’s native token “is breaking its downtrend after confirming a beautiful retest with a higher low.” In their view, a push above $2.80 could ignite a price jump to $3.65. 

For their part, JAVON MARKS assumed that ADA could continue its impressive performance, envisioning a price rally to as high as $9 in the next few months.

Despite the bullish environment, investors should be cautious. After all, the Relative Strength Indexes (RSI) of both assets have recently spiked above 70, which indicates overbought territory and could be followed by a pullback. 

Elon Musk’ın liderlik ettiği Hükümet Verimliliği Departmanı (D.O.G.E.) federal çalışanlara haftalık rapor zorunluluğu getirdi. Bu kapsamda kamu çalışanlarının, bir önceki hafta ne yaptıklarını 5 madde halinde özetleyerek bildirmesi gerekecek.

D.O.G.E.’nin bu hamlesi çeşitli tepkilere yol açtı. FBI Direktörü Kash Patel ve Ulusal İstihbarat Direktörü Tulsi Gabbard gibi isimler, kararı sert şekilde eleştirdi. D.O.G.E. Başkanı Elon Musk, Donald Trump yönetiminin emri doğrultusunda tüm kamu çalışanlarının bu emre uyması gerektiğini söyledi.

Cevap Vermeyenler İşini Kaybedebilir

Elon Musk, X hesabı üzerinden yaptığı açıklamada şu ifadelere yer verdi:

“Başkan bu konunun zorunlu olduğunu açıkça belirtti. Gizli işler yapanlar bile ‘Tüm faaliyetlerim hassastır’ şeklinde yanıt vermek zorunda.”

Elon Musk’ın bu paylaşımı, geri bildirimde bulunmayan kamu çalışanlarının işten çıkarılabileceğine dair söylentilere yol açtı. ABD Başkanı Donald Trump da, Fransa Cumhurbaşkanı Emanuel Macron ile yaptığı görüşme sonrasında kurala uymayanların işten çıkarılabileceğini ima etti. Öte yandan Elon Musk’ın, 47. ABD Başkanı Donald Trump’ın ilk kabine toplantısında memur maaşı alan ölü insanların olabileceğini söylemesi de şaşkınlık yarattı.

Elon Musk, Hükümet Verimliliği Başkanı (D.O.G.E.) olarak kamu harcamalarını azaltmak ve bütçe açığını azaltmak için radikal adımlar atmayı sürdürüyor. Bu kapsamda ABD’de Gayri Safi Yurtiçi Hasılası (GDP) hesaplama yöntemi bile değişebilir. ABD Ticaret Bakanı Howard Lutnick, devlet harcamalarının GDP’den çıkarılması gerektiğini savundu.

“Devlet harcamalarını GDP’ye dahil etmek ekonomiyi yapay olarak şişiriyor. Tank satın almak GDP’ye dahil olabilir, ancak 1.000 kişinin bir tank almayı düşünmesi ekonomik büyüme değildir.”

ABD’de On Binlerce Kamu Çalışanı İşten Çıkarılabilir

Elon Musk ve Ticaret Bakanı Howard Lutnick’in planı uygulanırsa ABD’de on binlerce kamu çalışanının işten çıkarılması söz konusu olabilir. Zira kamu harcamaları, ABD vatandaşlarının gelirinin %20’sini oluşturuyor ve birçok kişi bu fonlara bağımlı.

Ancak Musk ve ekibi, hükümetin verimli çalışmadığını ve bu kesintilerin uzun vadede ekonomiyi güçlendireceğini iddia ediyor. Lutnick, bütçe açığının kapatılmasıyla faiz oranlarının düşeceğini ve ABD tarihinin en güçlü ekonomisinin ortaya çıkacağını savundu.

Elon Musk’ın D.O.G.E’si politikaları, federal yönetimi küçültmeyi ve devlet harcamalarını azaltmayı hedefliyor. Bu süreçte atılan adımlar, ABD’de ciddi tartışmalara yol açıyor. Önümüzdeki dönemde, Trump yönetiminin devlet harcamalarına yönelik atacağı yeni adımlar ve D.O.G.E’nin nasıl bir şekil alacağı yakından takip edilecek.