Coinbase co-founder and CEO Brian Armstrong suggests that the US crypto strategic reserve, as announced by President Donald Trump, should be exclusively comprised of Bitcoin (BTC).
In a post on social media platform X, Armstrong expressed that having “just Bitcoin” in the US crypto strategic reserve would likely be the most optimal choice.
Armstrong believes that Bitcoin presents the simplest and clearest narrative as a successor to gold compared to other cryptocurrencies.
“If there is a desire for more diversity, a market-cap-weighted index of crypto assets could be considered to maintain neutrality,”
President Trump recently confirmed the establishment of a “crypto strategic reserve” in the US, which will include Bitcoin, Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). Trump stated that this reserve will contribute to advancing the crypto industry and aims to make the US the global leader in crypto.
David Sacks, the White House’s artificial intelligence and crypto expert, mentioned that additional details about the US Crypto Strategic Reserve will be unveiled during the upcoming White House Crypto Summit scheduled for March 7th.
While Armstrong advocates for Bitcoin to be the exclusive digital asset in the US crypto strategic reserve, Ripple CEO Brad Garlinghouse acknowledges Trump’s recognition of the multi-chain ecosystem.
Garlinghouse emphasizes that “Bitcoin maximalism impedes progress in the crypto industry” and pledges to advocate for policies that support a multi-chain approach in Washington.
“I’ve stressed that unity within the crypto industry is vital for achieving our objectives. I appreciate President Donald Trump’s vision of a government digital asset reserve that represents the industry,”
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Image Source: Midjourney