Financial expert explains

Trump’s crypto reserve: a brilliant idea or a mistake?

Donald Trump wants to make the USA the "crypto center of the world".(Bild: Krone KREATIV/AP Photo/Jose Luis Magana, Stock Adobe)

Crypto king Trump: "The Don" would also like to be crowned crypto king. The US president is working on a cryptocurrency reserve for the United States. We spoke to financial expert Oswald Salcher about the potential benefits and dangers of this.

Some cheer, others criticize, some see opportunities, some shake their heads in disbelief. Donald Trump's announcement that a working group is currently pressing ahead with plans for a strategic cryptocurrency reserve is causing heads to spin. What is the Trump administration up to with this initiative?