Lately, I've noticed a trend where some crypto projects, like Cardano and Polkadot, are proposing to build their own strategic Bitcoin reserve funds 1,2. It seems like less successful projects are trying to mimic public companies by converting some of their native tokens into BTC reserves.
This "strategic reserve" they are using is only a copycat after Trump's announcement. It changes nothing.
You may hardly see them announcing it, but I tell you, all those brains behind crypto projects have their stash of Bitcoin somewhere, and of course, many will not disclose it for one reason or another.
It could be for a backup or something else, because unless they deceive themselves, they know that Bitcoin is superior to whatever project they created.
The bitcoin market neither does not restrict anyone from buying instead, it is an open source so that diversities of individuals and institutional adoptors with their strong portfolio values can as well significantly support the market to be sustainable regardless it is a volatile asset.
With with a microscopic insight, every other crypto project developers are enthusiasts to bitcoin and that is where they derives those crypto ambitions.