EddieJayonCrypto
3 Mar 25
President Trump's proposal to include altcoins in a strategic crypto reserve has sparked division in the crypto community. The plan, revealed on Truth Social, aims to incorporate XRP, Solana, Cardano, Bitcoin, and Ethereum. This announcement led to significant market upswings. Some, like Bitwise CEO...
President Trump's proposal to include altcoins in a strategic crypto reserve has sparked division in the crypto community. The plan aims to incorporate XRP, Solana, Cardano, Bitcoin, and Ethereum. This announcement led to significant market upswings. Some industry leaders, such as Bitwise CEO Hunter Horsley and Coinbase CEO Brian Armstrong, advocate for a Bitcoin-only approach, emphasizing its role as the undisputed store of value in the digital age. They argue for a market cap weighted index of cryptos to "keep it unbiased" if more variety was needed. Critics have emerged, questioning the risk profile of including altcoins in the strategic reserve and drawing comparisons to tech stocks, highlighting a very different risk profile from assets like gold and bitcoin. Ripple CEO Brad Garlinghouse defended the move, emphasizing the industry's progress and the positive market response to the announcement. Market responses were indeed positive, with Bitcoin, Ethereum, and various altcoins experiencing significant gains. Overall, the proposal has triggered a range of reactions within the crypto community, reflecting a nuanced and divided sentiment on the inclusion of altcoins in the strategic reserve.