Recent rumors have ignited a firestorm in the crypto community, suggesting that U.S. President Donald Trump has signed an executive order to liquidate the government’s XRP holdings. This development has raised questions about whether Trump intends to redirect these funds toward accumulating more Bitcoin (BTC). Bitcoin Magazine CEO David Bailey took to X (formerly Twitter) to share insights on the matter, fueling further speculation.
The President just signed an executive order directing the US Treasury to gather up all the XRP across the government and liquidate it. They can even use the proceeds to buy Bitcoin. Cope.
— David Bailey🇵🇷 $0.85mm/btc is the floor (@DavidFBailey) March 8, 2025
Trump’s XRP Liquidation: What’s at Stake?
According to Bailey’s recent X post, the U.S. government is allegedly moving to consolidate and sell off its XRP reserves. While the White House has yet to release an official statement, Bailey believes that Trump’s decision could significantly impact the crypto landscape, particularly XRP’s valuation and market stability.
The timing of this rumored liquidation has raised eyebrows, especially given Trump’s evolving stance on cryptocurrency. Some analysts speculate that this move could indicate a strategic pivot towards Bitcoin, aligning with Trump’s broader pro-crypto agenda. However, the details remain murky.
Trump’s Bitcoin Strategy: A Mystery
Bailey’s revelation coincides with a thread by WhaleWire founder Jacob King, who noted Trump’s recent remarks about Bitcoin. Reportedly, MicroStrategy’s Michael Saylor urged Trump to embrace Bitcoin, advising, “Never sell your Bitcoin.” Trump’s response, however, was noncommittal: “Never sell your Bitcoin… that’s a little phrase they say… I don’t know if they’re right or not… who the hell knows.”
This lukewarm statement has left the market divided on Trump’s true intentions. Some experts, like Farscater founder Dan Romero, argue that the government may limit itself to profiting from confiscated Bitcoin rather than actively purchasing more. Others, including financial educator Robert Kiyosaki, speculate that a Trump-led Bitcoin accumulation could propel BTC prices skyward, potentially aiding U.S. economic recovery.
XRP Market Reaction
At press time, XRP is trading at $2.33, reflecting an 8.3% daily drop. Despite a weekly gain of over 7%, the market sentiment appears cautious, with trading volume plunging 13% to $7.44 billion. Bailey’s bold prediction—“When the USG is done selling XRP, it will be worth less than a cent”—has intensified fears of further price declines.
Also Read: XRPL 2.4.0 Update: Major Security Upgrades, Dynamic NFTs, and Migration to New UNL
As speculation swirls, all eyes remain on the White House for official confirmation. Will Trump’s alleged XRP liquidation reshape the crypto landscape, or is this merely another unfounded rumor? Only time will tell.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
