The idea of a U.S. strategic reserve for cryptocurrencies has sparked debate, particularly about the risks of including altcoins.
Risks of Including Altcoins in a Strategic Reserve
Jan3 CEO Samson Mow warns against including altcoins in the U.S. strategic reserve, highlighting the speculative nature and increased volatility they introduce, which could pose legal and financial risks to the country.
Advantages of Proof-of-Work Cryptocurrencies
Mow emphasizes the benefits of proof-of-work cryptocurrencies, like Bitcoin, Litecoin, and Monero, for creating a stable strategic reserve with predictable policies and significant protection against manipulation due to decentralization.
Final Thoughts on Strategic Reserve
Including altcoins in the strategic reserve may lead to increased volatility and speculation. It's crucial to focus on stable assets like Bitcoin so that the strategic reserve serves as a tool for stability and protection of national interests.
A U.S. crypto strategic reserve should be built on stable and proven assets to avoid chaos and support national economic stability.
