While Donald Trump announces strategic crypto reserve with assets including BTC, ETH, SOL, ADA, and XRP, Cameron Winklevoss – a prominent crypto persona and co-founder of Gemini exchange – asserts that Bitcoin is the only asset that qualifies to be in strategic reserve.
In his latest X post, Winklevoss expresses his views on Trump strategic reserve, noting “Bitcoin is the only asset that meets the bar for a store of value reserve asset.” He said that maybe Ethereum could qualify besides digital oil and digital gold, but overall it’s a very high bar for other crypto assets that have been included in the reserve list.
The crypto entrepreneur argued that other crypto assets (SOL, XRP and ADA) could be included in government’s holding but not via directly buying it from secondary markets but only if acquired through seizures.
“If the government happens to come into possession of other digital assets (e.g., XRP, ADA, or SOL) through seizure, forfeiture, etc” he said, “I think this type of stockpiling would be ok and it’s much different than actively acquiring these assets in the open market.”
The remark from Winklevoss comes amid increasing discussion on altcoins in national crypto reserves besides Bitcoin. He believes that among all crypto assets, only Bitcoin deserves to be in the list as it reflects characteristics of a real store of value asset.
U.S. president Donald Trump announced the Strategic Crypto Reserve on Sunday and the crypto community has been set on abuzz since with several industry leaders debating whether his decision to include SOL, XRP and ADA is rightful or not.
Popular traders and investors are criticizing Solana (SOL), XRP and Cardano (ADA) for having done nothing significant to be placed beside Bitcoin in the reserve.
Also Read: What is US Crypto Reserve and can it be Bullrun 2025 catalyst?
