Bitcoin: The Only Digital Asset Fit for a U.S. Reserve?

Expert Opinions and Alternative Proposals
1. Industry Backing and Future Discussions

CEOs from Coinbase and Gemini have voiced strong opinions on the proposed U.S. Crypto Strategic Reserve, arguing that Bitcoin stands alone as the only digital asset that meets the rigorous standards required for a national reserve asset. Following President Donald Trump’s recent announcement that the reserve would include altcoins like Solana, Cardano, and XRP alongside Bitcoin and Ether, Gemini’s Tyler Winklevoss expressed his belief that these other assets simply do not measure up. He emphasized that, while many altcoins trade on Gemini and comply with its listing criteria, reserve assets must function like hard money—a proven store of value similar to gold.

Expert Opinions and Alternative Proposals

Coinbase’s Brian Armstrong agreed, suggesting that “Just Bitcoin would probably be the best option,” noting its simplicity and its clear historical role as digital gold. Meanwhile, Tyler’s twin, Cameron Winklevoss, added that only Bitcoin and possibly Ether satisfy the “store of value reserve asset” criteria, likening them to America’s physical reserves of gold and oil. Additionally, Samson Mow of Jan3 argued that only proof-of-work cryptocurrencies—Bitcoin and potentially Litecoin—should form the core of the reserve, as proof-of-stake assets are vulnerable to foreign control.

Industry Backing and Future Discussions

Despite these criticisms, executives from Cardano and Ripple have defended Trump’s decision to include their tokens in the reserve framework. Ripple CEO Brad Garlinghouse, for instance, has long championed a multi-token reserve approach. This debate comes ahead of the first White House Crypto Summit on March 7, where industry leaders are expected to discuss regulatory policies and stablecoin oversight.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Digital Assets Bitcoin

Bitcoin: The Only Digital Asset Fit for a U.S. Reserve?

Sujit Kumar

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.