Market Data 
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 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.
