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Cryptocurrency News Articles

title: Coinbase CEO Brian Armstrong Believes US Crypto Strategic Reserve Should Exclusively Consist of Bitcoin (BTC)

Mar 05, 2025 at 05:00 am

Coinbase co-founder and CEO Brian Armstrong believes the US crypto strategic reserve recently announced by President Donald Trump should exclusively consist of Bitcoin (BTC).

title: Coinbase CEO Brian Armstrong Believes US Crypto Strategic Reserve Should Exclusively Consist of Bitcoin (BTC)

Coinbase co-founder and CEO Brian Armstrong says he believes the US crypto strategic reserve, recently announced by President Donald Trump, should consist solely of Bitcoin (BTC).

Taking to the social media platform X, Armstrong says that having “just Bitcoin” in the US crypto strategic reserve “would probably be the best option.”

The Coinbase CEO says Bitcoin comes with the “simplest and [clearest] story as successor to gold” relative to other crypto assets.

“If folks wanted more variety, you could do a market-cap-weighted index of crypto assets to keep it unbiased.”

On Sunday, President Trump confirmed that the US will be setting up a “crypto strategic reserve” that will consist of Bitcoin, Ethereum (ETH), XRP, Solana (SOL) and Cardano (ADA).

Trump says the reserve will help “elevate” the crypto industry while promising to ensure the US becomes the “crypto capital of the world.”

According to the White House artificial intelligence and crypto czar David Sacks, more information on the US Crypto Strategic Reserve will be provided during the upcoming White House Crypto Summit, which is set for March 7th.

Amid Armstrong’s position that Bitcoin should be the only digital asset in the US crypto strategic reserve, Ripple CEO Brad Garlinghouse says he’s glad that Trump recognizes that “we live in a multichain world.”

While noting that “[Bitcoin] maximalism is the enemy of the [crypto] industry’s progress,” Garlinghouse says he will continue to champion multichain-friendly policies in Washington.

“I’ve said this before – the crypto industry will achieve our goals (and beyond) IF WE WORK TOGETHER. Appreciate the crypto President Donald Trump’s vision of a government digital asset reserve representative of the industry.”

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