Bitcoin Is Enough—Coinbase CEO Rejects Altcoins For US Reserves
Brian Armstrong, CEO of Coinbase, advocates for the United States to focus on Bitcoin when building its crypto strategic reserve, citing it as a superior option compared to gold. He emphasizes Bitcoin's reliability as a store of value, supported by its recognition from governments and financial institutions. The US is considering a crypto reserve that may include Bitcoin, Ethereum, Solana, Cardano, and XRP, following President Trump's announcement. Armstrong proposes an alternative reserve strategy based on market capitalization, suggesting a mix of cryptocurrencies proportional to their market shares. The US government has yet to finalize the reserve's structure, with ongoing debates about the merits of a diversified versus Bitcoin-only approach. The growing acceptance of Bitcoin as a reserve asset is evident globally, with countries like El Salvador already incorporating it into their national reserves. Armstrong's views reflect a significant shift in the perception of Bitcoin's role in the financial landscape.
