Coinbase CEO Brian Armstrong has advocated for a Bitcoin-only strategic reserve after US President Donald Trump announced that XRP (Ripple), SOL (Solana), and ADA (Cardano) would be included in the US strategic reserve, along with Bitcoin (BTC) and Ethereum (ETH).
In a post on Twitter, Armstrong said Bitcoin is the “best choice” for the US. On March 3, 2025, Armstrong mentioned that he is still forming an opinion on asset allocation.
“Just Bitcoin would probably be the best option – simplest, and clear story as successor to gold,” he said.
Excited to learn more. Still forming an opinion on asset allocation, but my current thinking is:
1. Just Bitcoin would probably be the best option – simplest, and clear story as successor to gold
2. If folks wanted more variety, you could do a market cap weighted index of crypto… https://t.co/jv8Gcn8N2S— Brian Armstrong (@brian_armstrong) March 3, 2025
Armstrong’s recommendation came in response to White House AI and Crypto Czar David Sacks’ statements where he outlined two potential frameworks for structuring the national cryptocurrency reserve.
Could Armstrong’s endorsement of a Bitcoin-only approach add significant weight to discussions about how the US government should structure its entry into cryptocurrency holdings?
Bitcoin Rallies As Trump Reveals Plan For Strategic Reserve
Bitcoin, along with four other cryptocurrencies, rallied after Trump stated his intentions to include them in the new strategic reserve to make the US “the crypto capital of the world.”
Sacks credited Trump for keeping his promise towards this initiative.
President Trump has announced a Crypto Strategic Reserve consisting of Bitcoin and other top cryptocurrencies. This is consistent with his week-one E.O. 14178. President Trump is keeping his promise to make the U.S. the “Crypto Capital of the World.” More to come at the Summit.
— David Sacks (@davidsacks47) March 2, 2025
Meanwhile, the Cardano community celebrated Trump’s announcement as a significant moment for the cryptocurrency industry.
BREAKING: President Donald Trump has announced that his Executive Order on Digital Assets directed his Presidential Working Group to “move forward on a Crypto Strategic Reserve that includes $XRP, $SOL, and $ADA!” p >
This is an amazing moment for t he cryptocurrency industry.< a rel = "nofollow"
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>$XRP,
$SOL,
$ADA!
pic.twitter.com/etCrytBmZa
<a rel = "nofollow"
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href = “https://twitter.com/TheCardanoTimes/status/1896221635306565652?ref_src=twsrc%5Etfw”
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- Coinbase CEO Brian Armstrong publicly supports a Bitcoin-only approach for President Trump’s proposed Crypto Strategic Reserve arguing it’s optimal strategy for US .
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