White House (USA) hosting a crypto summit tomorrow (Friday March 7)

[pmbug]

On the heels of Trump's posts on TruthSocial:

And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be the heart of the Reserve. I also love Bitcoin and Ethereum!

A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!

https://truthsocial.com/@realDonaldTrump/posts/114093946326587357

Some clarity on the crypto reserve plans will apparently be forthcoming tomorrow:

...
Speaking to Ksenija Pavlovic McAteer of The Pavlovic Today ahead of the first-ever White House crypto summit on Friday, Lutnik said Trump—who has increasingly aligned himself with the digital asset industry—will outline his vision for Bitcoin and broader cryptocurrency regulation.

“The President definitely thinks that there’s a Bitcoin strategic reserve,” Secretary Lutnick told The Pavlovic Today on Tuesday evening. “Now, there will be the question of, how do we handle the other cryptocurrencies? And I think the model is going to be announced on Friday when we do that.”

Lutnick suggested Bitcoin would receive unique status under Trump’s plans.

“A Bitcoin strategic reserve is something the President’s interested in. He spoke about it all during the campaign trail, and I think you’re going to see it executed on Friday,” Lutnick said.

“So Bitcoin is one thing, and then the other currencies, the other crypto tokens, I think, will be treated differently—positively, but differently,” he added.
...

More:
https://thepavlovictoday.com/howard-lutnick-reveals-trump-to-unveil-bitcoin-reserve-strategy-at-white-house-crypto-summit/

[Mr. Magkaisa]

       -      Find out if there will be good news about things, And at this time I think it's good to take a buy on Ada, Sol, And Xrp for short-term, I feel like these
three can rise a few percent until tomorrow.

Then when I see that the profit is good, I will exit immediately, If it continues, it's fine and at least there is a profit somehow.

[target]

Since other crypto tokens are going to be considered differently, then I could only say this might not help altcoins to have a bullish market. They only mean to pick which altcoins are going to sky rocket. So if you are holding a token that isn't on their list, I guess its time to abandon them.

Do you guys think there will be a pump tomorrow because of this summit?
Trump is getting this market excited but also making investors frown so be ready to sell the news,

[Mia Chloe]

From the period of when the US election was closed up until after the election was over and trump was inaugurated they have been a lot of events on the crypto space generally and most of them seem to be coined by news and occurrencies related to the US or Trump.

The question is how much effects will this particular event hold...? This is because most of the time this event creates a decent amount of FOMO in the ecosystem causing price to move drastically in either direction.

[ZAINmalik75]

I almost forgot about this summit and it is tomorrow which is a good news for the holders and traders because if Trump will be joining and giving speech then the market will pump again and this time maybe it will create another ATH because if he announe something about reserves of BTC and other alts all of them will pump.

Unfortunately I don't have any of the alts he mentioned but I hope soon he will list more but I doubt he will add more because it will be a bad decision, although diversification is good but still a bad decisions because to give it more hype he should give BTC the chance then other alts.

[Sim_card]

Since other crypto tokens are going to be considered differently, then I could only say this might not help altcoins to have a bullish market. They only mean to pick which altcoins are going to sky rocket. So if you are holding a token that isn't on their list, I guess its time to abandon them.

Do you guys think there will be a pump tomorrow because of this summit?
Trump is getting this market excited but also making investors frown so be ready to sell the news,

You are right. Anyone holding coins that are not in the US cryptocurrency reserve list, you are only wasting your time and can run at loss in the long run. I think is time for me to watch out for the prices of these coins and see how they will perform in the market. Who knows if the crypto summit will make the price of bitcoin and others to pump tomorrow.

[TomPluz]

We are all hoping that this Crypto Summit as initiated by POTUS Trump can create something of a momentum for the cryptocurrency industry pushing prices of the five digital assets mentioned by the announcement but we know that this can just be a temporary positive blip which investors and traders, of course, can take advantage of for some fast and instant profits. Still, many in the industry are quite thankful that this administration is not just paying lip service to a promise made in the campaign. While Trump and what he is doing can be a big force for the cryptocurrency industry, we know for sure that this will not be sustainable and right now the question on when the altseason will happen remains hanging and seems to me that no amount of good news can make it a reality, that is for now.

[pmbug]

There is a decent chance that Trump's team includes SUI in whatever scheme they are planning for the alt coins:

https://www.altcoinstalks.com/index.php?topic=325847.msg1727171#msg1727171

[rdluffy]

It's a big change that the US government is promoting a crypto event to debate the future of coins in the country
Since the main announcement has already been made, I'm looking forward to seeing if something new comes up that we're not expecting today.

Maybe something will come up about the states and their reserves, or how new coins can be added to the reserves
Or even the clarity of regulation

[Baofeng]

It's like 2-3 hours from now, we will learn all about this crypto summit.

But from the looks of it and as what others might have speculated, it's all about the US strategic reserve. All people invited are prominent crypto figure so hopefully after this meeting, it will have a positive impact on the price.

Bitcoin has been fluctuating from $88k-$90k so far.

[hugeblack]

       -      Find out if there will be good news about things, And at this time I think it's good to take a buy on Ada, Sol, And Xrp for short-term, I feel like these
three can rise a few percent until tomorrow.

I don't think buying with the green wave is a good idea as most people will think about it and the bulls will think the opposite which is selling. If you have any of these tokens then selling 50% of them is not a bad idea.

It's like 2-3 hours from now, we will learn all about this crypto summit.

Hopefully it will be something good but Trump's tweet has pre-empted a lot of discussion, it would have been good if it had happened after crypto summit.

[sampoerna]

We are really waiting for this event, Trump's Crypto Summit. and actually, we really hope that it will have a very good impact on the crypto market. At least, can the market be really bullish again this month and go back up to $100k because this is one of them?

hmm, it's not easy to do it. especially since the market condition is still quite dropping and crashing as usual. However, since the information about the summit began to be echoed, the market condition has improved and turned green, in most coins. look at the charts on CMC, how green.

[alltalk]

It's a big change that the US government is promoting a crypto event to debate the future of coins in the country
Since the main announcement has already been made, I'm looking forward to seeing if something new comes up that we're not expecting today.

Trump initiates US government to be more friendly to crypto industry. They provide a crypto event, start to make crypto reserves, and probably explore more the chance to get bigger advantages from crypto. Sure, there will be more good news from US if Trump keeps his promises. This crypto summit can be a beginning of another amazing news from US.

Maybe something will come up about the states and their reserves, or how new coins can be added to the reserves
Or even the clarity of regulation

Just wait for the next updates! I'm also curious with this. It will be a big surprise if US government announces they will make Bitcoin as a legal tender besides they hold Bitcoin as one of crypto reserves. 

[Bobcrypto]

Since other crypto tokens are going to be considered differently, then I could only say this might not help altcoins to have a bullish market. They only mean to pick which altcoins are going to sky rocket. So if you are holding a token that isn't on their list, I guess its time to abandon them.

Do you guys think there will be a pump tomorrow because of this summit?
Trump is getting this market excited but also making investors frown so be ready to sell the news,

These crypto assets selected, actually will get short term market gains but may not be better than others altcoins like Ether, BNB, Trx, and others solid projects on the crypto market.
I am sure that other altcoins that are not selected will compete with these selected tokens, and it is not a good idea to abandon certain other altcoins because they are not selected. It is obvious that there are other altcoins project that will pump at the right time, especially during the altcoins season
Lastly, Donald Trump is doing great job, fulfilling his elections promises is an honor in my opinion.

[rdluffy]

Just wait for the next updates! I'm also curious with this. It will be a big surprise if US government announces they will make Bitcoin as a legal tender besides they hold Bitcoin as one of crypto reserves. 

Now that would be ultra mega bulish and in a few minutes would make the price go through the roof
You're very optimistic hahaha 

I foresee some more modest things, as I mentioned, clarity in regulation could be excellent for the crypto industry in the United States, which is already improving with the drop in SEC lawsuits
In 2 hours it starts

Let's see how the price reacts, I think some whales are preparing their shorts and longs to try and make some money