US President Donald Trump, who has been constantly advocating for cryptocurrencies since announcing his candidacy for the third time in the US presidential election, is holding a conference on cryptocurrencies on Friday. The conference is expected to be attended by about 25 people including owners of major companies, investors, policy makers and analysts in the crypto currency sector. The conference will last about four hours at the White House at the Rashtrapati Bhavan.

President Trump himself and his AI and crypto expert David Sachs will speak on behalf of the US government at the conference. According to the American media, there is also a program to discuss various policy issues related to crypto and issues related to central bank digital currency. This is the first such conference to be held at the White House.

Trump previously announced through a post on the social network Truth Social that he would make the US the center of crypto currency and establish a federal crypto reserve for that. After that there was a sudden surge in the market value of major crypto currencies. Trump mentioned that his strategic crypto reserve includes major cryptocurrencies such as Bitcoin, Ethereum, Ripple, Solana, Cardano. His announcement has sparked a debate about the future of digital currencies in financial markets and crypto in particular.

Even during the campaign, Trump consistently spoke in favor of crypto reserves. He also participated in the July 2024 Bitcoin Conference held in Nashville, Tennessee. Trump's own family has also invested in a crypto currency called 'World Liberty Financial'. His son Eric Trump has been openly promoting a cryptocurrency called Ethereum.

The world's richest man, Elon Musk, who is influential in the Trump government, has invested billions in bitcoin, ethereum, and dazcoin. Top officials like David Sachs, who is part of the Trump administration, also have investments in the crypto market. Trump has openly advocated for cryptocurrencies and a federal crypto reserve in announcements such as his 'Project 2025'. He as president 

issued an executive order on crypto in its first month. For this reason, Trump's crypto conference will be watched more eagerly due to the keen interest of him and his administration officials, according to Reuters.

After Trump's truth social post, the market value of the crypto currency Cardano rose by almost 63 percent, while Ripple rose by 32 percent, Solana by 23 percent, Bitcoin by 11 percent, and Ethereum by 13 percent. The price of the entire crypto market increased by 10 percent or 300 billion at once. Bitcoin, which fell to around $78,000 following Trump's announcement, rose to $95,000 following Trump's announcement, which has been in a slump due to one after another additional tax and trade war decisions.

On Monday, the crypto market fell again after the Trump administration announced additional taxes. Crypto market veterans such as Vital Lunde, Rebecca Liao, and Jagdeep Sidhu express their expectation that the White House conference will take concrete steps towards the regulation of crypto currency and the creation of laws to support the crypto market by the US Parliament.

Sisquin Foundation's Sidhu says, "The main issue of the conference is almost certain to be the strategic crypto reserve of the US federal government." Reuters has mentioned that the question has been raised that technology-oriented and limited alternative crypto currencies such as Ripple, Solana, Cardano are also going to be included in the reserve.

Crypto market and investment expert Frederico Brockett opined that the announcement and the conference signal the US government's active participation in crypto markets and activities. He says, "This step will help increase institutional acceptance, maintain more regulatory clarity, and maintain American leadership in digital asset exploration." With the arrival of the Trump administration, ongoing investigations into various crypto companies, including Coinbase, have been withdrawn. In a conversation with Reuters, Standard Chartered analyst Jeff Kendrick predicted that the price of bitcoin will reach $500,000 per coin by the time Trump ends his term.

In the past few years, the crypto market has continued to grow amidst various problems, complications and legal entanglements. By the end of 2024, the total market value of all cryptocurrencies is estimated by Grandview Research to reach around 32 trillion USD.