Coinbase and Gemini CEOs have proposed including Bitcoin in US reserve assets, emphasizing its status as a reliable digital currency.
Statements from Coinbase and Gemini Leaders
Gemini's Tyler Winklevoss stated that Bitcoin is the only digital asset worthy of reserve asset status, comparing it to gold. Coinbase's Brian Armstrong agreed, calling Bitcoin the simplest and clearest successor to gold.
Discussions on Other Cryptocurrencies
Gemini co-founder Cameron Winklevoss noted that Ethereum might qualify as well, comparing it to 'digital oil'. Meanwhile, Jan3's Samson Mow argued for considering only proof-of-work cryptocurrencies like Litecoin, rejecting those like Cardano and Solana.
Future of Crypto Reserves and Upcoming Events
Executives at Cardano and Ripple defended against criticism, supporting a multi-token reserve. Charles Hoskinson called XRP a global standard with resilience. Former President Donald Trump is set to host a Crypto Summit at the White House on March 7 to discuss regulation and stablecoins.
Statements from top cryptocurrency company CEOs highlight Bitcoin's potential significance as a reserve asset. Important discussions on the role of cryptocurrencies in state policy are anticipated in the coming months.
