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 best choice.”
In keeping with the Coinbase CEO, Bitcoin comes with the “easiest and [clearest] story as successor to gold” relative to different crypto belongings.
“If people needed extra selection, you would do a market-cap-weighted index of crypto belongings 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 trade whereas promising to make sure the US turns into the “crypto capital of the world.”
In keeping with the White Home synthetic intelligence and crypto czar David Sacks, extra info on the US Crypto Strategic Reserve will likely be supplied throughout the upcoming White Home Crypto Summit slated for March seventh.
Amid Armstrong’s place that Bitcoin needs 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] trade’s progress,” Garlinghouse says he’ll proceed to champion multichain-friendly insurance policies in Washington.
“I’ve mentioned this earlier than – the crypto trade will obtain our objectives (and past) IF WE WORK TOGETHER. Respect the crypto President Donald Trump’s imaginative and prescient of a authorities digital asset reserve consultant of the trade.”
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