Cameron Winklevoss, co-founder of Gemini exchange, is all thumbs up for the US strategic Bitcoin reserve but is skeptical about the inclusion of Cardano ($ADA ), XRP, and Solana ($SOL ). According to him, $BTC is the only asset that should be included in the strategic reserve.
BTC Should Be Considered For Strategic Reserve
Cameron Winklevoss opened up about his support for Strategic Bitcoin Reserve by sharing posts on X (Twitter). He considers BTC as the only cryptocurrency that is suitable for national reserve status.
“While I’m excited about a Strategic Reserve, I was surprised by the digital assets being contemplated,” Winklevoss wrote. “Bitcoin is the only asset that meets the bar for a store of value reserve asset. Maybe Ethereum. Digital gold and digital oil.”
Tyler Winklevoss supported his brother’s statement by sharing another post on X: “I have nothing against XRP, SOL, or ADA, but I do not think they are suitable for a Strategic Reserve. Only one digital asset in the world right now meets the bar, and that digital asset is bitcoin.”
He emphasized that while these assets meet Gemini’s listing standards for trading, national reserves require a higher standard focused on proven store of value characteristics.
Winklevoss Suggests New Approach For Managing Non-BTC Cryptos
Although Winklevoss firmly supports BTC being the only asset to be included in the reserve, he also has proposed an alternative approach for handling other digital assets.
He suggested that rather than buying altcoins from the open market, the government could incorporate cryptocurrencies obtained through law enforcement actions into a secondary stockpile.
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