The CEOs behind the Crypto Exchanges Coinbase and Gemini argue that Bitcoin may be the only cryptocurrency that meets the standard for being a US reserve reserve.
“One digital owner in the world today meets the bar and the digital asset is Bitcoin,” Gemini’s Tyler Winklevoss Says In a March 3 X post after US President Donald Trump announced plans to establish a crypto strategic reserve.
Trump said Crypto strategic reserve Solana will be included (Sol), Cardano (Ada) and XRP (XRP) In addition to bitcoin (Btc) and ether (Eth).
Winklevoss said while he was nothing against many of these coins, he did not believe they were appropriate to become a US reserve.
“Many of these possessions are listed for trade in Gemini and meet our strict list policy criteria, but with respect to a strategic reserve it is another standard. A owner needs to be a difficult money that is a proven value store like gold.”
Coinbase’s Brian Armstrong joins, Says“Bitcoin is just probably the best choice,” pointing out that this is the simplest cryptocurrency and a clear alternative to gold.
If the US is selective for more variety -Armstrong adopts a Market cap-weighted index of cryptocurrencies to remove potential bias.
Source: Brian Armstrong
Gemini’s other co-founder, Tyler’s twin Cameron Cameron Winklevoss, said Bitcoin and potential Ether are currently enjoying the standard for a “value-value store store.”
“Maybe Ethereum. Digital Gold and Digital Oil. Reflecting American’s physical gold reserves (Fort Knox, NY Fed, etc.) and oil (strategic petroleum reserve),” Winklevoss Says.
Winklevoss added That is better to –stockpile XRP, ADA and Sol compared to the active purchase of them in the open market.
Meanwhile, Samson Mow, CEO of Bitcoin Technology Firm Jan3, Says That’s all Proof-of-work crypto assets Must form a crypto strategic reserve. In addition to Bitcoin, Litecoin (LTC) Can be used.
“Reserves of the reserve must be based on the proof of the job to ensure the basic integrity and certainty of incompetence. The proof of stake assets cannot be included because foreign actors can gain control by simply possessing ownership.”
Cardano, Ripple executives do not complain
Cardano and Ripple executives have defended Trump’s decision to potentially include their tokens in the Strategic Reserve of the Trump administration.
When critical critics Peter Schiff criticized the integration of XRP, Cardano founder Charles Hoskinson Rebutted, Saying: “The XRP is a great technology, a global standard, survived for a decade by many harsh cycles, and there is one of the strongest communities.”
“I think the President made the right decision.”
Ripple CEO Brad Garlinghouse also has a long promoted For a multi-token US crypto reserve similar to one Trump built on March 2.
Related: Business revenue is $ 6.8m from BTC, ETH bets placed before the Trump Crypto Reserve post
The Crypto Strategic Reserve follows the weeks of review from the newly generated by the President WORKING GROUP IN DIGITAL ASSETS.
TRUST SHOULD HAVE TRUMP THE FIRST White House Crypto Summit On March 7, industry leaders were invited to meet the BO Hines of Working Group and AI and Crypto Czar David David to discuss Stablecoin regulatory and administration policies, among other things.
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