Editor's PiCK

Coinbase CEO: "It's preferable to include only Bitcoin in US strategic reserve assets"

Source
Uk Jin

Summary

  • Coinbase CEO Brian Armstrong stated that making Bitcoin the US strategic asset would be the best choice.
  • Armstrong suggested creating a market cap weighted index if cryptocurrency diversity is desired.
  • Former President Donald Trump emphasized that he would make the US the center of cryptocurrencies by including XRP, Solana, ADA in addition to Bitcoin and Ethereum.

On the 2nd (local time), Brian Armstrong, CEO of cryptocurrency exchange Coinbase, stated through X (Twitter), "Including only Bitcoin as a strategic asset is the best choice. Bitcoin has clear grounds when compared to gold."

He added, "If you want diversity, you can create a market cap weighted index of cryptocurrencies."

Earlier the previous night, President Donald Trump emphasized through his social media (SNS) Truth Social, "The US stockpile of cryptocurrencies will take the cryptocurrency industry to the next level," and "I will pursue strategic reserves including XRP, Solana, ADA, and others to make the US the global center for cryptocurrencies." He also said, "Bitcoin and Ethereum will be central to the strategic reserves just like other cryptocurrencies," adding, "I love Bitcoin and Ethereum."

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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