Coinbase co-founder and CEO Brian Armstrong has voiced his opinion on the US crypto strategic reserve recently announced by President Donald Trump. Armstrong believes that the reserve should exclusively consist of Bitcoin (BTC), as he shared on the social media platform X. He stated that having “just Bitcoin” in the US crypto strategic reserve “would probably be the best option.”
Armstrong explained his reasoning by highlighting that Bitcoin has the “simplest and [clearest] story as successor to gold” compared to other crypto assets. He also suggested that if there was a desire for more variety, a market-cap-weighted index of crypto assets could be considered to keep the reserve unbiased.
President Trump’s announcement of the US crypto strategic reserve included Bitcoin, Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). Trump stated that the reserve aims to elevate the crypto industry and position the US as the “crypto capital of the world.” More details about the reserve will be disclosed during the upcoming White House Crypto Summit scheduled for March 7th, according to White House artificial intelligence and crypto czar David Sacks.
While Armstrong advocated for Bitcoin as the sole digital asset in the reserve, Ripple CEO Brad Garlinghouse expressed his satisfaction that Trump recognizes the diversity of the crypto space. Garlinghouse emphasized the importance of collaboration in the industry and the need for multichain-friendly policies to drive progress.
Garlinghouse stated, “Bitcoin maximalism is the enemy of the crypto industry’s progress,” and affirmed his commitment to promoting a united front in Washington. He appreciated Trump’s vision for a government digital asset reserve that reflects the industry as a whole.
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