Coinbase CEO Brian Armstrong thinks the US government’s new crypto reserve should only hold Bitcoin.
Armstrong’s Bitcoin-Only Proposal
Armstrong, via X (formerly Twitter), suggested a Bitcoin-only reserve would be the best approach. He believes Bitcoin has the clearest path to becoming a digital gold standard compared to other cryptocurrencies. He added that if a more diverse portfolio was desired, a market-cap-weighted index of various crypto assets could be considered.
Trump’s Crypto Reserve Announcement
President Trump recently announced plans for a US crypto strategic reserve including Bitcoin, Ethereum, XRP, Solana, and Cardano. He aims to boost the crypto industry and establish the US as a global crypto leader. More details are expected at a White House Crypto Summit in March.
Ripple CEO’s Counterpoint
Ripple CEO Brad Garlinghouse disagrees with Armstrong’s Bitcoin-centric view. He emphasized the importance of a multi-chain approach, stating that Bitcoin maximalism hinders the industry’s progress. He expressed appreciation for Trump’s initiative but advocated for policies that support the broader crypto ecosystem. He stressed the importance of collaboration within the industry to achieve its goals.
