Samson Mow warns that if Trump’s crypto reserve includes random altcoins, it could accelerate market chaos, turning it into speculation rather than a real financial strategy.
Samson Mow Breaks Down Reality of Trump's Crypto Reserve: Altcoin Free-for-All Incoming?
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Samson Mow Analyzes Trump’s Crypto Reserve: Can the President Pick Any Coin?
Samson Mow, a prominent bitcoin advocate and CEO of JAN3, voiced skepticism on March 3 on social media platform X regarding the proposed U.S. strategic bitcoin and crypto reserve, arguing that its structure would require a formal process rather than unilateral decisions. He questioned:
Can Trump actually just dictate what things going into a reserve? I don’t think so. There will need to be a report/proposal from the working group and then Congress will need to pass legislation.
Despite Trump’s mention of XRP, solana ( SOL), cardano ( ADA), and ethereum ( ETH) as potential reserve assets, Mow suggested that the announcement may have been politically motivated rather than a guaranteed inclusion. He theorized that the post could have been strategically timed for political or financial gain, rather than being a serious policy directive.
Mow also raised concerns about market manipulation, pointing out that Trump’s statement may have benefited certain traders or lobbyists. He stated: “The post could also be intended to gift some exit liquidity to Ripple or cardano lobbyists or donors. It makes sense to pump those coins now because once a real report comes out with a list of coins or criteria, it’s too late. This would go in-line with the reasons for why Trump pushed the Trump memecoin before inauguration, he couldn’t do it post inauguration.”
Furthermore, he warned about the broader consequences of allowing a president to arbitrarily select digital assets, warning:
If Trump can somehow just unilaterally pick random shitcoins to put into a national reserve, well, that is just very bad for the U.S. Things stop making sense. It’s now a free-for-all.
Mow outlined a possible framework for selecting reserve assets, emphasizing proof-of-work cryptocurrencies, dominance in hashing functions, and long-term operational stability. He noted: “In addition to bitcoin, Trump’s Strategic Crypto Reserve could potentially include: litecoin, monero. If they don’t care about merged mining and hashing function dominance, then add dogecoin and namecoin. Given Elon’s prominence in the Trump admin, I’m sure he will find a way to rationalize the inclusion of dogecoin.”
However, he cautioned that if the reserve were filled with altcoins, the consequences could be dire, concluding: “If the crypto reserve gets stacked with random shitcoins, prepare to accelerate into degeneracy like never before.” Mow urged for a structured approach to prevent the reserve from becoming a speculative tool rather than a legitimate financial strategy.
