PANews reported on March 3 that according to CoinDesk, analysts at Citi said that the possibility of the United States establishing a strategic reserve of cryptocurrencies is increasing, especially after President Trump announced that XRP, SOL, ADA, BTC, and ETH will be included in the reserves.

Citigroup pointed out that if the US government becomes a strategic holder of digital assets, it will further enhance the legitimacy of cryptocurrencies. Currently, the US government holds about $19 billion in crypto assets, mainly Bitcoin, and gold reserves are as high as $750 billion. Since most of the crypto assets held by the government come from law enforcement seizures, if other digital asset holdings are increased in the future, they may need to be purchased through the open market.

However, Citi also stated that the selection criteria for reserve assets are not yet clear, and announcing the purchase plan in advance may affect market prices, just like the market reaction when the British government sold gold in the 1990s.

In addition, the Bernstein research report suggested that the Federal Reserve could raise funds for cryptocurrency purchases by issuing debt or selling part of its gold reserves.