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- Brian Armstrong supports Bitcoin as the sole asset for the U.S. crypto reserve, calling it the simplest and most transparent option.
- Trump’s proposal includes BTC, ETH, SOL, XRP, and ADA, driving Bitcoin up 8% and boosting altcoins.
- Arthur Hayes questions the plan’s feasibility, calling it political rhetoric without clear funding.
- The market reacted strongly, with XRP up 31%, Solana 20%, and Cardano leading at 68%.
U.S. President Donald Trump revealed plans for a “Crypto Strategic Reserve” that would include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA). The statement, made via social media on Sunday, immediately sparked speculation and market movements, with Bitcoin surging over 8% and altcoins seeing double-digit gains.
Coinbase CEO Brian Armstrong quickly weighed in, arguing that Bitcoin alone should be the foundation of the proposed reserve.
“Just Bitcoin would probably be the best option a simplest and clear story as successor to gold,” Armstrong wrote in an X post. While he acknowledged that a broader reserve could be designed based on a market cap-weighted index, he maintained that a Bitcoin-only strategy would be the easiest and most transparent approach.
Despite the market’s bullish reaction, some industry leaders remain skeptical about the feasibility of Trump’s plan. Arthur Hayes, co-founder and former CEO of BitMEX, dismissed the announcement as political rhetoric.
“Nothing new here. Just words,” Hayes posted on X. “Let me know when they get congressional approval to borrow money and or revalue the gold price higher. Without that, they have no money to buy Bitcoin and shitcoins.”
His comments highlight a key concern: how the U.S. government would finance such a reserve without formal legislative approval. While Trump’s statement has generated excitement, critics argue that the reserve remains a theoretical concept rather than an actionable policy without a clear funding mechanism.
Bitcoin Ethereum and XRP Surge as Trump Fuels Crypto Reserve Talks
Despite doubts, Trump’s endorsement of a national crypto reserve has fueled significant price movements. Bitcoin surged over 8%, while Ethereum gained 11%. The biggest winners among Trump’s mentioned assets were XRP (+31%), Solana (+20%), and Cardano (+68%).
Binance founder Changpeng “CZ” Zhao urged the community to remain patient and optimistic. “Chill, guys. No need to overanalyze,” he wrote on X. “More ‘valuable crypto’ are likely to be added over time. More countries will follow. It’s a fantastic start to something really good. Be happy. Keep building.”
Trump’s latest crypto move underscores a broader trend—governments are starting to explore digital assets as part of their strategic reserves. Whether the U.S. will formally adopt Bitcoin or other cryptocurrencies remains uncertain. Still, one thing is clear: mainstream political figures are now openly engaging with the crypto economy, and the market is responding quickly.
As the debate continues, investors will closely watch for further policy developments, regulatory approvals, and, most importantly, whether the proposed reserve moves beyond social media posts and into official implementation.
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