The first-ever U.S. crypto summit took place last Friday, with several industry leaders and members of President’s Trump’s crypto task force in attendance.
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According to reports from the likes of Reuters and BBC, the event featured conversations surrounding the recently signed “crypto reserve” executive order by Trump, market structure, potential regulations, and stablecoin bills.
In a brief speech to reporters, Trump said; “America will follow the rule that every bitcoiner knows very well, ‘never sell your bitcoin.’ I don’t know if that is right or not. Who the hell knows? Who knows, but so far it’s been right. Let’s keep it that way.”
He also added that the reserve will be capitalized with Bitcoin forfeited in government criminal cases rather than actively buying the crypto through direct market purchases.
While this particular statement has led to a short-term negative reaction across the market, with Bitcoin falling below the $82k price support, analysts’ bullish long-term projections have ignited much-needed optimism among investors, boosting the hunt for the best crypto to buy.
The first-ever crypto summit held last Friday at the White House has done nothing to change the short-term market dynamics.
Initially, there were high hopes that the outcome of the roundtable event would be the catalyst that would flip the market back to the bullish territory.
After all, the engagement was specifically initiated to provide detailed insights into how the U.S government intends to implement the “crypto reserve” plan and its benefits to Americans.
Last weekend, the president, in a post on Truth Social, tasked the Presidential Working Group to explore the creation of a “Strategic Crypto Reserve” that will include Bitcoin, Ethereum, Cardano, Solana, and XRP. This was followed by an executive order establishing both “Bitcoin Reserve and Digital Asset Stockpile.”
🚨 BREAKING: Trump signs executive order creating a "Strategic Bitcoin Reserve" with Bitcoin the "federal government already owns."
White House crypto czar David Sacks adds: "The government will not acquire additional assets for the Stockpile beyond those obtained through… pic.twitter.com/hv7uv97sdO
— Nicholas Veniamin (@NickVeniamin) March 7, 2025
However, while sharing more details about the executive order on Friday, Trump said the government would not be involved in direct Bitcoin purchases. This statement, according to analysts, triggered short-term investor disappointment across the industry, which in return, caused increased downside volatility in the price of Bitcoin and altcoins.
Nonetheless, despite the short-term concerns, it is not in doubt that the summit marks a historic step for mainstream crypto adoption, friendly regulations, and continuous innovation within the industry.
Besides, Trump did not completely rule out the possibility of direct federal Bitcoin investment in the future as the US Treasuries and Commerce secretaries have been told to come up with “neutral” strategies to buy Bitcoin without inflicting additional costs on taxpayers.
And that’s why influential names in the industry remain positive about the outcome of the summit, highlighting its significance to the future of the industry. Take 99Bitcoins for instance—a reputable crypto education platform with over 725k subscribers.
In a recent video, a top analyst with the crypto education channel extensively discussed how the event lays the groundwork for long-term growth within the industry.
Citing the involvement of industry leaders across all corners of the industry, the analyst is not in doubt that the summit has provided a path forward that leads to innovation in the industry, and not destruction.
While this is not expected to happen overnight, it is believed that the monumental event will encourage greater adoption of cryptocurrency—not only in the United States but across the globe.
Moreover, the prevailing poor market outlook is expected to ease rapidly, owing to the slowdown in inflation levels and possible pause on tariffs imposed on all imports from Canada, Mexico, and China by the United States.
And considering the massive short and long-term growth potential already demonstrated by the market, smart money investors are already prepared to take advantage of the current dip to load up on the best cryptos to buy now.
With the crypto summit now done and dusted, analysts foresee more friendly legislation, policies and initiatives that will likely result in a prolonged bull season across the market.
And that’s why the hunt is on for the best crypto to buy for the highly-anticipated bull run.
Unsurprisingly, experts have listed Bitcoin and top altcoins like Ethereum, XRP, Cardano, and Solana among the best cryptos to buy, given the fact that they constitute the upcoming reserve.
Low-cap altcoins such as Best Wallet Token and Solaxy have also been mentioned among the crypto coins that will deliver outsized returns as the industry grows.
Let’s briefly discuss both tokens and why they have continued to make experts’ lists of the best cryptos to buy
The addition of Best Wallet Token into the list of the best crypto to buy—following the first-ever US crypto summit—is no surprise, considering the rapid adoption of its versatile solution Best Wallet.
Dubbed by many analysts as the best spot for “all things crypto,” Best Wallet has become the favorite of all categories of investors, including whales—all thanks to its all-around features.
What sets Best Wallet apart from competitors is its ability to provide an intuitive platform for users to securely store, manage, and grow their crypto assets.
Beyond the standard storage-swap functionalities—which are common with typical wallets—Best Wallet takes things even further by allowing users to enjoy high staking yields, discover new crypto opportunities before others, and maximize iGaming perks.
Users can buy and sell thousands of crypto coins within the app, thanks to its integration of several on-ramp and off-ramp service providers. More so, unlike chain-specific wallets, it supports multiple networks including Bitcoin, Polygon, Ethereum, BNB, and Polygon, providing greater flexibility and access to a wide range of dApps.
Security is another reason it is being considered as one of the best wallets around. A non-custodial wallet, Best Wallet provides users with full control over their assets while also leveraging industry-leading tools like Fireblocks to strengthen security.
With Best Wallet Token, users will gain more access to crypto presales through its “Upcoming Tokens” tool alongside benefits like higher-yield staking opportunities, reduction in transaction fees, and more. Approximately $11 million has been raised already, and considering its multilayered utility, experts believe it could be the next crypto gem.
Solaxy is marketed as the first-ever Layer-2 chain on Solana, designed to enhance the blockchain’s scalability and efficiency. It addresses major pain points such as network congestion and outages that have continued to ravage the Layer-1 mainnet amid the growing adoption of meme coins.
The most recent incident happened during the TRUMP and MELANIA buying frenzy in January, causing delays in transaction processing.
Through its robust infrastructure, Solaxy aims to completely resolve this problem, delivering a blockchain ecosystem where downtime is no concern. It also has a multichain appeal, allowing the free flow of funds across Solana and Ethereum.
In addition to its technical advantages, Solaxy investors also benefit from its staking option, which offers attractive APY yields. The utility-driven altcoin is currently live on presale and has raised close to $26 million already.
And as the demand for scalable solutions continues to grow, Solaxy could become a key player in the Layer-2 crypto market segment, making it a worthwhile addition to investors’ portfolios.
This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.
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