Coinbase CEO: Bitcoin is Best Option for US Crypto Reserve

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Coinbase CEO Brian Armstrong has shared his perspective on US President Donald Trump’s recent announcement about the nation’s crypto reserve, suggesting that solely including Bitcoin might be the optimal choice.

“Opting just for Bitcoin would likely be the best approach—it’s the simplest and tells a clear story as the successor to gold,” Armstrong stated in a post on X on Sunday night ET, while also mentioning that he was still considering the best strategy for asset allocation.

“If people wanted more diversity, a market cap-weighted index of crypto assets could keep it unbiased. But the first option is probably the easiest.”

Armstrong’s comments came after Trump revealed on social media that his proposed “Crypto Strategic Reserve” would include Bitcoin and Ether, with instructions for his crypto working group to “move forward” on incorporating SOL, XRP, and ADA into the reserve.

On the other hand, Arthur Hayes, co-founder and former CEO of BitMEX, dismissed Trump’s announcement as lacking substance. “Nothing new here. Just words,” Hayes commented on X. “Let me know when they secure congressional approval to borrow funds or revalue gold higher. Without that, they lack the means to purchase Bitcoin and altcoins.”