Coinbase CEO Brian Armstrong has advocated for Bitcoin-Solely strategic reserve after US President Donald Trump introduced that XRP (Ripple), SOL (Solana), and ADA (Cardano) can be included within the US strategic reserve, together with Bitcoin (BTC) and Ethereum (ETH).
In a put up on X, Armstrong stated Bitcoin is the “most suitable option” for US. On 3 March 2025, Armstrong stated that he’s “nonetheless forming an opinion on asset allocation.”
“Simply Bitcoin would most likely be the most suitable choice – easiest, and clear story as successor to gold,” he stated.
Excited to be taught extra. Nonetheless forming an opinion on asset allocation, however my present pondering is:
1. Simply Bitcoin would most likely be the most suitable choice – easiest, and clear story as successor to gold
2. If people wished extra selection, you might do a market cap weighted index of crypto… https://t.co/jv8Gcn8N2S— Brian Armstrong (@brian_armstrong) March 3, 2025
Armstrong’s suggestion got here in response to White Home AI and Crypto Czar David Sacks on X, the place the Coinbase government outlined two potential frameworks for structuring the nationwide cryptocurrency reserve.
Might Armstrong’s endorsement of a Bitcoin-only strategy add vital weight to discussions about how the US authorities ought to construction its entry into cryptocurrency holdings?
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Bitcoin Rallies 20% As Trump Reveals Plan For Strategic Reserve
Bitcoin, together with 4 different cryptocurrencies, rallied after Trump stated he’d like to incorporate them within the new strategic reserve to make US “the crypto capital of the world.”
Sacks credited Trump and stated that the US President is “protecting his promise.”
President Trump has introduced a Crypto Strategic Reserve consisting of Bitcoin and different prime cryptocurrencies. That is constant along with his week-one E.O. 14178. President Trump is protecting his promise to make the U.S. the “Crypto Capital of the World.” Extra to come back on the Summit.
— David Sacks (@davidsacks47) March 2, 2025
In the meantime, the Cardano group celebrated Trump’s announcement, calling it “an incredible second for the cryptocurrency trade.”
BREAKING: President Donald Trump has introduced that his Govt Order on Digital Property directed his Presidential Working Group to “transfer ahead on a Crypto Strategic Reserve that features $XRP, $SOL, and $ADA!”
That is an incredible second for the cryptocurrency trade. pic.twitter.com/etCrytBmZa
— The Cardano Instances (@TheCardanoTimes) March 2, 2025
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Key Takeaways
- Coinbase CEO Brian Armstrong has publicly endorsed a Bitcoin-only strategy for President Trump’s proposed Crypto Strategic Reserve, arguing it represents the optimum technique for the US.
- Armstrong’s most well-liked possibility treats Bitcoin because the digital equal of gold, focusing solely on BTC because the reserve asset.
The put up “Just Bitcoin Would Probably Be The Best Option,” Says Coinbase CEO: Explore Best Crypto To Buy! appeared first on 99Bitcoins.
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