President Trump announced plans for a cryptocurrency reserve that will include various assets beyond Bitcoin $92,558. However, Brian Armstrong, co-founder and CEO of Coinbase, argues that a reserve solely composed of Bitcoin would be more appropriate. This evaluation indicates that the reserve could mark a significant step in the American cryptocurrency strategy for the industry.
Expert Opinions
Armstrong believes Bitcoin offers a simpler and more transparent narrative compared to other cryptocurrencies. In his statement regarding the crypto reserve, he suggested that if market diversity is desired, an index could be created based on the market capitalization of the assets.
Brian Armstrong: “If diversity was desired, an index could be formed based on market capitalization.”
Participants noted this assessment as supportive of Bitcoin’s position within the industry.
Official Statements
Trump mentioned that the reserve would consist of cryptocurrencies like Bitcoin, Ethereum $1,746, XRP, Solana
$147, and Cardano
$0.687175, which would help the sector achieve a leading international position. He emphasized that the crypto asset reserve would contribute to industry development. Additionally, the White House Crypto Czar, David Sacks, stated that details regarding the reserve would be shared at the upcoming Crypto Summit.
Ripple $2 CEO Brad Garlinghouse expressed the importance of multi-network applications for sector advancement in response to a Bitcoin-centric approach.
Brad Garlinghouse: “As I have mentioned before; the industry can only reach its goals by collaborating.”
He stressed that sector policies should be shaped to support multi-network integration. The opinions and statements from various actors could guide how the American digital asset strategy will unfold. Future developments may lead to different strategies, depending on the collaborative efforts of stakeholders.