Strategic Bitcoin Reserve: Coinbase CEO Disagrees With Donald Trump
The announcement by Donald Trump regarding the creation of a national cryptocurrency reserve, including Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA), has sparked reactions within the crypto industry. While this initiative aims to strengthen the position of the United States as a leader in the sector, Coinbase CEO Brian Armstrong believes that a reserve composed solely of Bitcoin would be the best option. Here’s why.
Brian Armstrong opposes Donald Trump on the crypto reserve!
The day of March 2, 2025, will be etched in the memory of the crypto industry as the day when Donald Trump announced a crypto reserve in the United States, composed of Bitcoin, Ethereum, XRP, Solana, and Cardano. The day after this announcement, Brian Armstrong shared his thoughts on the asset allocation of this reserve. According to him, the simplicity and clarity of Bitcoin as a successor to gold make it an optimal choice.
“Only Bitcoin would probably be the best option – it’s the simplest solution and it tells a clear story as the successor to gold.”
Moreover, he proposes an alternative for those who would prefer a more diversified approach: a market-cap-weighted index of cryptos, allowing for a more balanced and neutral distribution. However, he insists that the first option remains the most obvious and easiest to implement.
Bitcoin: A promise kept by Donald Trump
This stance by Brian Armstrong on Bitcoin comes in response to a post by investor David Sacks. The latter praises Trump’s initiative, viewing it as a significant step towards making the United States the global capital of cryptocurrencies.
Moreover, the announcement of this crypto reserve triggered a market explosion, with $330 billion injected in just 4 hours, marking a historic turning point.
This debate thus highlights two opposing visions: a maximalist approach to Bitcoin, viewing BTC as the only relevant long-term asset, and a broader approach that includes other promising cryptos. It remains to be seen which direction will ultimately be adopted by the Trump administration during the crypto summit on March 7 next.
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The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.