Trump’s Plan Sparks Divided Reactions
President Donald Trump announced that the U.S. strategic crypto reserve will not only include Bitcoin but also altcoins such as XRP, Solana, Cardano, and Ethereum. This decision has triggered strong reactions within the crypto community—some investors welcomed the broader scope, while others insisted that reserves should consist solely of Bitcoin.
The announcement, made on Truth Social on Sunday, helped push the crypto market upward after a previous downturn caused by the $1.4 billion Bybit hack.
Bitcoin Advocates Oppose the Inclusion of Altcoins
Many prominent figures in the crypto industry expressed skepticism about including altcoins in the reserve, arguing that Bitcoin is the only true store of value in the digital age.
🔹 Hunter Horsley, CEO of Bitwise, said he expected the reserve to be Bitcoin-only:
"That makes the most sense to me. This is a reserve, not an investment portfolio. Bitcoin is the undisputed store of value for the digital era."
🔹 Brian Armstrong, CEO of Coinbase, agreed that Bitcoin should be the sole cryptocurrency in the reserve, comparing it to gold:
"Bitcoin is the best choice as the successor to gold."
Armstrong also suggested a market-cap-weighted index if the government sought more diversity in its reserve holdings.
Harsh Criticism and Mockery
Not everyone approached the proposal analytically. Samson Mow, CEO of JAN3, was blunt in his response:
"Even shitcoin sellers don’t want a shitcoin reserve."
He shared a screenshot of Armstrong’s post, reigniting the debate over altcoins’ legitimacy.
Skeptics also pointed out parallels with tech stocks. Anthony Pompliano, founder of Professional Capital Management, wrote on X (Twitter):
"If the government is putting altcoins in its balance sheet, they might as well start buying tech stocks too."
He emphasized that altcoins carry a very different risk profile compared to traditional safe-haven assets like gold and Bitcoin.
Support from Altcoin Leaders
On the other side, some defended Trump’s approach. Brad Garlinghouse, CEO of Ripple, praised the move:
"Maximalism is the enemy of progress. I’m glad POTUS understands that we live in a multi-chain world and that we’re finally moving past the SEC’s and Biden administration’s flawed thinking."
Crypto Market Responds with a Rally 📈
Despite the controversy, investors reacted positively, and major cryptocurrencies surged:
✅ Bitcoin jumped 11% to $94,000
✅ Ethereum gained 10% to $2,400
✅ Cardano skyrocketed 60%
✅ XRP increased 27%
✅ Solana surged 25%, according to CoinGecko data
Although the crypto community remains divided, the market’s reaction suggests it sees this move as a bullish signal. What do you think about Trump’s proposal? 🚀
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