Steven Goldfeder, the CEO of Offchain Labs (the team behind Arbitrum), has a simple idea for the U.S. government: if you're going to hold crypto, just hold Bitcoin. Why? Because Bitcoin is the king đ and trying to manage a bunch of different coins will only cause problems.
What are crypto reserves?
Think of it like the country's emergency savings, but instead of gold or dollars, it's crypto. Some people think the U.S. should hold Ethereum, Solana, Cardano, and more. But Goldfeder says, nope, just Bitcoin.
Why only Bitcoin?
âď¸ It's the most trusted and popular crypto in the world
âď¸ It's simple and safe to manage
âď¸ It's like digital gold
âď¸ More coins = more problems, more risk, more drama
What about other coins?
Sure, tokens like Solana and XRP are cool, but if the government starts holding too many different coins, things can get messy. Regulations, security issues, and playing favorites... it's just not worth the trouble.
Why does this matter?
The U.S. is already talking about creating a Strategic Bitcoin Reserve, kind of like Fort Knox but for Bitcoin. Some people think that's a smart move. Others, like the Solana founder, believe the government should stay away from crypto to keep things decentralized.
So, what do you think? Should the U.S. stick with only Bitcoin !
OR
Collect them all like PokĂŠmon? đ
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