"This move signals a shift toward active participation in the crypto economy by the U.S. government," Federico Brokate of the asset management firm 21Shares said, according to Reuters. "It has the potential to accelerate institutional adoption, provide greater regulatory clarity, and strengthen the U.S.'s leadership in digital asset innovation."

Top Cardano tokens like Minswap, Indigo, and Snek surged on Monday after it was named part of the strategic crypto reserves

An examination of the incentives created by structuring a Bitcoin reserve to hold seized coins with civil asset forfeiture existing.

Bitcoin could still have plenty of room to grow over the next few years, but investors who are looking for bigger gains might check out some of the market's smaller cryptocurrencies. Could Cardano ( ADA -0.33%), which has minted plenty of millionaires since its market debut eight years ago, actually be a better buy than Bitcoin right now?