Bitcoin vs Altcoins- Will Trump’s Crypto Reserve Include Bitcoin and Altcoins?
Bitcoin vs Altcoins– President Donald Trump’s recent proposal to include altcoins in a U.S. strategic crypto reserve has sparked a fierce debate within the crypto community. The plan, revealed on Truth Social, suggests adding XRP, Solana (SOL), Cardano (ADA), Bitcoin (BTC), and Ethereum (ETH) to the reserve.
Trump’s announcement triggered a notable rally in the cryptocurrency market, reversing the losses that followed the $1.4 billion theft from Bybit. However, his inclusion of several altcoins in the reserve caused confusion and concern among many in the crypto space. Critics argue that the reserve should focus exclusively on Bitcoin, given its role as the “undisputed store of value for the digital age.”
Arguments for Bitcoin-Only Approach
Bitwise CEO Hunter Horsley was one of the prominent voices advocating for a Bitcoin-only reserve, stating that such a move “makes the most sense.” He emphasized that the strategic reserve isn’t about creating a U.S. investment portfolio, but about safeguarding value—something Bitcoin already accomplishes.
Coinbase CEO Brian Armstrong echoed these sentiments, claiming that including only Bitcoin would be “the best option” and a “successor to gold.” Armstrong also suggested that if the U.S. were to include more cryptocurrencies, it could create a market cap-weighted index of digital assets to maintain fairness.
Disagreements in the Crypto Community
While Armstrong’s viewpoint gained support from some, such as Bitcoin pioneer Adam Back, others were more skeptical. Samson Mow, CEO of JAN3, criticized the idea, pointing out that even the “shitcoin peddlers” oppose a reserve consisting of altcoins.
Additionally, Anthony Pompliano, founder of Professional Capital Management, made a striking comparison. He argued that adding altcoins to the U.S. balance sheet would be akin to buying tech stocks, which have a “very different risk profile” compared to Bitcoin and gold.
As discussions continue, the crypto community remains divided on how the U.S. should approach its digital asset strategy, with Bitcoin advocates strongly supporting a more conservative, Bitcoin-centric approach.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
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