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Cryptocurrency News Articles

Gemini co-founder and CEO Tyler Winklevoss has discussed using altcoins like Solana (SOL), Cardano (ADA), and XRP

Mar 04, 2025 at 04:39 am

His comments come amid the growing debate on the suitability of these assets and Bitcoin in a national digital assets stockpile.

Gemini co-founder and CEO Tyler Winklevoss has discussed why he prefers Bitcoin (BTC) over Solana (SOL), Cardano (ADA), and XRP in strategic crypto in the United States. His comments come amid the growing debate on the suitability of these assets and Bitcoin in a national digital assets stockpile.

"I have nothing personally against any of these assets—they are all listed on Gemini, which means they passed our rigorous internal listing policies and legal and regulatory screening procedures," Tyler stated on X, formerly Twitter.

"But the standard for a Strategic Reserve is quite different. We need an asset that is hard money and has been a proven store of value over time, like gold. In today's world, that asset is bitcoin."

The Case For Bitcoin Against XRP and Cardano

According to the Gemini executive, "only one digital asset in the world right now meets the bar, and that digital asset is bitcoin."

To affirm his projections, Tyler Winklevoss confirmed that many altcoins pitched for the crypto reserve are listed for trading on Gemini. He noted that they all meet the platform’s rigorous listing policy criteria, making them legitimate assets.

However, he said that the standard for a Strategic Reserve is quite different. He believes “an asset needs to be hard money that is a proven store of value, like gold.”

The Case for XRP, Cardano and  Solana

Industry leaders are divided on the components of assets that should make the national crypto reserve. While Bitcoin is the first choice for many, the government appears ready to add others.

President Donald Trump ignited a recent conversation about the crypto reserve in a Sunday post. Following the news that confirmed the crypto reserve speculations, crypto critic Peter Schiff spoke on the plans.

While he said he understands the idea of a Bitcoin reserve, he questions why XRP would even be considered for the reserve. In shocking support, Cardano Founder Charles Hoskinson gave Schiff a viable response.

Hoskinson said, “XRP is an excellent technology, a global standard, has survived through many harsh cycles for a decade, and has one of the most substantial communities.” He believes the president’s plan to add the coin and others like it is the right decision.

Altcoins and ETF Catalysts to Watch

While conversations around crypto reserves for altcoins remain volatile, most assets anticipate the approval of exchange-traded funds tied to their prices.

Asset management firms like Bitwise and 21Shares are pushing for XRP, Litecoin, Dogecoin, Cardano, and Solana ETF products. Bloomberg Senior ETF Analysts Eric Balchunas and James Seyffart have issued approval odds for each asset.

While Litecoin ETF has the highest odds at 90%, XRP ETF was assigned a 65% chance.

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Other articles published on Mar 04, 2025