Emre Yumlu 
Armstrong and Winklevoss claim Bitcoin is the ideal asset to replace gold and the best option for U.S. crypto reserve.
Bitcoin Seen as the Only Suitable Digital Asset for U.S. Crypto Reserve
CEOs of Coinbase and Gemini cryptocurrency exchanges argue that Bitcoin is the only cryptocurrency that meets the criteria for being a U.S. reserve asset.
Tyler Winklevoss of Gemini stated in a March 3rd X post, “Currently, the only digital asset that surpasses this threshold is Bitcoin.” This statement follows the announcement by U.S. President Donald Trump about his plan to establish a Crypto Strategic Reserve.
Trump mentioned that the Crypto Strategic Reserve would include Bitcoin, Ether, as well as Solana, Cardano, and XRP.
Winklevoss expressed no issue with these coins but noted that they do not qualify as U.S. reserve assets.
“Many of these assets trade on Gemini and meet our stringent listing criteria, but there’s a different standard for the Strategic Reserve. An asset must be a proven store of value, just like gold,” Winklevoss stated.
Coinbase CEO Brian Armstrong shares the same view, saying, “Bitcoin is likely the best option” and noted that Bitcoin is the simplest cryptocurrency, making it a clear successor to gold.
Should the U.S. choose more diversity, Armstrong suggested adopting a market-cap weighted crypto index to eliminate potential bias.
Gemini’s other co-founder and Tyler’s twin brother, Cameron Winklevoss, stated that currently only Bitcoin and potentially Ether meet the “store of value reserve asset” criteria.
“Perhaps Ethereum. Digital gold and digital oil. This reflects America’s physical gold (Fort Knox, NY Fed, etc.) and oil (Strategic Petroleum Reserve) reserves,” Winklevoss added.
Winklevoss also mentioned that it would be better to accumulate XRP, ADA, and SOL rather than actively trade them on the market.
Crypto Strategic Reserve Discussions: PoW, Token Diversity, and Trump’s Summit Plans
Meanwhile, Samson Mow, CEO of the Bitcoin technology firm Jan3, stated that the Crypto Strategic Reserve should only consist of Proof of Work (PoW)-based crypto assets. Litecoin could also be used alongside Bitcoin.
“Reserve assets should be based on Proof of Work to ensure fundamental integrity and immutability. Proof of Stake assets cannot be included as foreign actors could simply acquire the asset and take control,” Mow explained.
Managers of Cardano and Ripple supported Trump’s decision to include their tokens in the Crypto Strategic Reserve.
Crypto critic Peter Schiff criticized the inclusion of XRP, while Cardano founder Charles Hoskinson disagreed, stating, “XRP is great technology, a global standard, has been through tough cycles for over a decade, and has one of the strongest communities.”
“I believe the President made the right decision,” Hoskinson added.
Ripple CEO Brad Garlinghouse has long supported the idea of a multi-token U.S. crypto reserve, as proposed by Trump on March 2nd.
The Crypto Strategic Reserve came after weeks of evaluation by the newly established Digital Assets Task Force under the President.
Trump is planning to host the first White House Crypto Summit on March 7th, where industry leaders, including Task Force members Bo Hines and Trump’s AI and crypto expert David Sacks, will discuss regulatory policies and stablecoin oversight.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.