The American government’s decision to establish a strategic cryptography reserve has triggered intense discussions, industry leaders questioning its structure and selection of assets.
On March 2, American President Donald Trump revealed that his decree had ordered his administration to create a national cryptography reserve. According to him, the initiative aims to consolidate the country’s leadership in the space of digital assets.
The reserve will include Bitcoin (BTC), Ethereum (ETH), XRP, Solana (Sol) and Cardano (ADA). However, officials have not revealed how these assets will be weighted in the reserve.
Industry hike on altcoin inclusion
The inclusion of several cryptocurrencies has raised concerns, because many expected the reserve to focus solely on Bitcoin. Critics argue that the addition of altcoins complicates the initiative and could create involuntary market biases.
Jeff Park, head of Alpha Strategies in Bitwise, criticized the decision as a political calculation. He warned that the inclusion of assets beyond Bitcoin could raise concerns concerning government favoritism, even if the selection was made objectively.
He said:
“(The) big problem here is optics. When you include altcoins whose use is too emerging to be considered “strategic at the national level”, you risk the hypothesis of internal traffic even if it was manifestly false. This is politically negative, even among a subset of cryptography enthusiasts. »»
Meanwhile, CEO CEO, Brian Armstrong, suggested that an exclusive Bitcoin reserve would have provided a simpler strategy. He proposed that if the diversification was necessary, a index weighted by the digital asset market could be a more structured approach.
Armstrong said:
“Just Bitcoin would probably be the best option – a simplest and clearest story as a successor to gold.”
Bitwise Hunter Horsley CEO has also weighed, stressing that Bitcoin remains the strongest value store. Although he expressed his interest in understanding the reasoning behind the asset choices of the reserve, he argued that a strategic reserve should focus on the most reliable digital asset.
He pointed out:
“Many cryptographic assets have merits, but what we are talking about here is not an American investment portfolio – we are talking about a reserve, and Bitcoin is the undisputed store for the digital age.”
CEO of Crytpoquant, Ki Young Ju, also weighed, stressing that Bitcoin and Ethereum were excluded from the original ad,
“Trump first mentioned XRP, Sol and Ada,” said BTC and ETH two hours later.
Can I interpret your tweets this way?
“BTC and ETH, show me your strategic value-for me and the United States. I just concluded an agreement with XRP, Sol and Ada. “”
Since the election of Trump, universal moral standards have decreased. Now, if something benefits Trump and serves American national interests, he is no longer considered illegal. »»
XRP and Cardano defend their inclusion
The supporters of the selected Altcoins defended their inclusion, arguing that it was part of a wider victory for the emerging industry.
The CEO of Ripple, Brad Garlinghouse, criticized the maximalism of Bitcoin, declaring that the industry of prosperous cryptography in collaboration. He welcomed the government’s recognition of a multi -hole future.
According to him:
“(I) appreciates the vision of the president of the Crypto Donald Trump of a representative of reserve of digital government of the industry. Maximalism is the enemy of industry progress. Happy to see Potus recognize that we live in a multi -hole world. »»
Likewise, the founder of Cardano, Charles Hoskinson, underlined the long -term commitment of his blockchain towards security and decentralization and expressed his confidence in his capacity to contribute significantly to the cryptographic landscape.
Hoskinson said:
“I believe in Cardano so strongly because we have worked very hard in the past 10 years to try to build a system that preserves and protects the integrity of the cryptocurrency space as a whole.”
