The recent comments of President Trump on the creation of a strategic cryptography reserve sparked a debate inside and outside the cryptographic community.
The key figures for American financial space have shared their reflections on the issue. Do you think this crypto reserve should only have Bitcoin?
Debate on Bitcoin crypto reserves only
The crypto reserve would include Bitcoin, Ethereum, Solana and other basic parts. However, many crypto experts believe that a Bitcoin reserve only would be the best approach. For example, Tyler Winklevoss, co-founder of the Gemini Exchange, in a recent post X, noted that Bitcoin is the only digital asset that meets the necessary criteria.
He wrote: “Only one digital asset in the world is currently meeting the bar, and this digital asset is Bitcoin.” He explained that if Gemini lists many cryptocurrencies, a reserve asset must work as “hard money” and serve as a reliable value reserve, similar to gold.
I have nothing against XRP, Sol or Ada but I do not think they are suitable for a strategic reserve. Only one digital asset in the world is currently meeting the bar and this digital asset is Bitcoin.
Many of these assets are listed to exchange @Gemini And meet our rigorous … pic.twitter.com/q32qlafdkj
– Tyler Winklevoss (@tyler) March 3, 2025
Brian Armstrong shares the same belief
The CEO of Coinbase, Brian Armstrong, echoes this feeling, saying: “Just Bitcoin would probably be the best option.” Coinbase’s executive quotes simplicity and the role of Bitcoin as a digital successor of gold as reasons for his belief.
That said, if the government presents itself in possession of other digital assets (for example, XRP, ADA or Sol) by crisis, confiscation, etc. I think this type of storage would be ok and it is very different from the active acquisition of these assets on the free market.
– Cameron Winklevoss (@cameron) March 3, 2025
In addition, Armstrong suggested that if the US government wanted to include several cryptocurrencies, it should adopt a system that selects the parts according to their market value. This would mean to prioritize the parts according to their market capitalization. Such a system would guarantee that selection is not influenced by personal opinion.
Excited to know more. Always forging an opinion on the allocation of assets, but my current thought is:
1. Just Bitcoin would probably be the best option – a simplest and clearest story as a successor to gold
2. If people wanted more variety, you could make a weighted clue in Crypto Marche…– Brian Armstrong (@brian_armstrong) March 3, 2025
Other Crypto experts name Ethereum as the next possible option for a crypto reserve. Interestingly, others maintain that a market -based index would be ineffective. Instead, he called for a stricter approach which considers cryptocurrencies of proof of work. This would give priority to Bitcoin and Litecoin, being the main Pow Cryptos.
An ardent defender from this point of view, Samson Mow, CEO of the company focused on Bitcoin Jan3, affirms that assets of proof of implementation like Cardano and Solana could be vulnerable to foreign control. However, his claims have received massive reactions from the cryptographic community.
I thought of the American Bitcoin / Crypto Strategic Reserve and there are two possible results:
1⃣ The reserve is $ BTC and none of the altcoins mentioned actually makes
2⃣ We will accelerate in degeneration unlike all that is seen beforeLong thread time.
pic.twitter.com/4evzxeydee
– Samson Mow (@Excellion) March 3, 2025
The leaders of Ripple and Cardano defended Trump’s choice for a wider selection. Some have used XRP longevity to plead for in -depth selection.
Conclusion
The discussion was due before the Summit of White House cryptography on March 7, where the chiefs of the industry will meet the Trump working group on digital assets. The meeting will focus on crypto regulation in the United States
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