Gordon Johnson, an analyst at GLJ Research, criticized what he called market “corruption” Sunday following President Donald Trump‘s announcement of a strategic U.S. cryptocurrency reserve that would include several digital assets.
What Happened: “Markets driven by corruption. This can’t last too long,” Johnson wrote on X, responding to allegations that Trump’s proposed cryptocurrency purchases aligned with holdings previously owned by his crypto advisor David Sacks.
The controversy emerged after Trump announced plans for a strategic cryptocurrency reserve that would include Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), XRP (CRYPTO: XRP), Solana (CTPTO: SPL), and Cardano (CRYPTO: ADA). The announcement sent crypto markets soaring, with Bitcoin jumping 8.82% to $93,653, while Cardano surged over 70%.
Armand Domalewski, …
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