Bitcoin maximalist Michael Saylor sees the inclusion of altcoins in the US Crypto Strategic Reserve as a positive step toward progress in the industry.
Saylor believes the multi-token reserve, which includes XRP, is bullish for Bitcoin and the broader crypto industry.
Analysts at investment firm Bernstein express concerns about the inclusion of altcoins in the strategic reserve, questioning their sovereign rationale and stability as stores of value.
XRP experienced a short-lived price surge after the announcement but has faced subsequent decline; an analyst predicts a potential explosive surge for XRP in the long term.