The U.S. government’s decision to establish a strategic cryptocurrency reserve has drawn both support and skepticism, with particular attention on the inclusion of XRP.

On March 2, President Donald Trump announced that the reserve would hold Bitcoin, Ethereum, Solana, Cardano, and XRP. This decision has sparked debate among economists

The U.S. government’s decision to establish a strategic cryptocurrency reserve has drawn both support and skepticism, with particular attention on the inclusion of XRP.

On March 2, President Donald Trump announced that the reserve would hold Bitcoin, Ethereum, Solana, Cardano, and XRP. This decision has sparked debate among economists, industry leaders, and cryptocurrency advocates regarding the rationale behind selecting these particular assets.

Peter Schiff, a well-known economist, gold advocate, and vocal Bitcoin critic, questioned the reasoning behind adding XRP to the reserve. While he disagrees with the idea of a Bitcoin reserve, he understands the justification for it, comparing it to the United States’ existing gold reserves.

He stated, “I get the rationale for a Bitcoin reserve. I don’t agree with it, but I get it. We have a gold reserve. Bitcoin is digital gold, which is better than analog gold. So let’s create a Bitcoin reserve too.”

However, Schiff expressed skepticism about the asset’s inclusion, asking, “But what’s the rationale for an XRP reserve? Why the hell would we need that?”

His comments reflect a broader sentiment among traditional economists who question the necessity of holding the token as a strategic asset. Many outside the cryptocurrency industry view Bitcoin as the dominant digital asset, with store-of-value properties that are more closely align with gold, while XRP’s utility-based role remains less understood by those in traditional finance.

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Schiff’s remarks prompted a direct response from Charles Hoskinson, the founder of Cardano, who defended the decision to include Ripple’s native token in the reserve.

Hoskinson highlighted XRP’s technological capabilities, longevity, and strong community support. He wrote, “Because XRP is great technology, a global standard, survived for a decade through many harsh cycles, and has one of the strongest communities. I think the president made the right decision.”

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