Creating Bitcoin Crypto Reserve Makes Sense But Adding XRP Is A Distraction: Say Critics

The recent announcement by President Donald Trump regarding the creation of a U.S. crypto reserve has sparked both excitement and debate in the cryptocurrency market. While Bitcoin and Ethereum are set to be the main assets in this reserve, the inclusion of altcoins like XRP, Solana, and Cardano has raised questions among critics.

Some argue that adding XRP to the reserve dilutes the original vision of a Bitcoin-centric strategy. Critics like Peter Schiff question the rationale behind including XRP, suggesting that a Bitcoin-only reserve would align better with the principles of decentralization and scarcity that underpin cryptocurrencies.

On the other hand, supporters of XRP point to its utility in facilitating cross-border payments through Ripple’s ODL platform as a valid reason for its inclusion in the reserve. They believe that XRP’s technology and track record make it a valuable asset alongside Bitcoin and Ethereum.

As discussions around the U.S. crypto reserve continue, all eyes are on the upcoming White House Crypto Summit on March 7th, where further details about this initiative are expected to be revealed. The outcome of this summit is seen as a crucial moment for shaping U.S. crypto policy moving forward.