Coinbase co-founder and CEO Brian Armstrong believes the US crypto strategic reserve lately introduced by President Donald Trump ought to solely encompass Bitcoin (BTC).
On the social media platform X, Armstrong says having “simply Bitcoin” within the US crypto strategic reserve “would in all probability be the most suitable choice.”
In accordance with the Coinbase CEO, Bitcoin comes with the “easiest and [clearest] story as successor to gold” relative to different crypto property.
“If of us needed extra selection, you could possibly do a market-cap-weighted index of crypto property to maintain it unbiased.”
On Sunday, President Trump confirmed that the US will arrange a “crypto strategic reserve” consisting of Bitcoin, Ethereum (ETH), XRP, Solana (SOL) and Cardano (ADA). Trump mentioned that the reserve will assist “elevate” the crypto business whereas promising to make sure the US turns into the “crypto capital of the world.”
In accordance with the White Home synthetic intelligence and crypto czar David Sacks, more data on the US Crypto Strategic Reserve will probably be offered in the course of the upcoming White Home Crypto Summit slated for March seventh.
Amid Armstrong’s place that Bitcoin ought to be the one digital asset within the US crypto strategic reserve, Ripple CEO Brad Garlinghouse says he’s glad that Trump acknowledges that “we reside in a multichain world.”
Whereas noting that “[Bitcoin] maximalism is the enemy of the [crypto] business’s progress,” Garlinghouse says he’ll proceed to champion multichain-friendly insurance policies in Washington.
“I’ve mentioned this earlier than – the crypto business will obtain our targets (and past) IF WE WORK TOGETHER. Admire the crypto President Donald Trump’s imaginative and prescient of a authorities digital asset reserve consultant of the business.”
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