On March 2, President Donald Trump mentioned Cardano’s ADA (ADA) token among the cryptocurrencies to be included in the US strategic crypto reserve. Trump’s March 6 executive order clarified that altcoins would be part of the Digital Asset Stockpile (DAS) under the “responsible stewardship” of the Treasury.
ADA’s potential inclusion in a government-managed portfolio sparked industry-wide surprise and, at times, harsh criticism. Although it has loyal investors who have supported it for years, many in the crypto community questioned why the token was included in the digital asset stockpile.
Let’s analyze the blockchain to see if ADA’s fundamentals and utility support its place in the US Digital Asset Stockpile.
The case for ADA in the US Digital Asset Stockpile
Launched in 2017 via an ICO, Cardano is one of the oldest smart contract platforms. It differs from others through