Key dealers
- Cameron Winklevoss emphasizes the need for countries to build Bitcoin reserves similar to critical goods.
- Moving quickly to stock Bitcoin is recommended to avoid higher costs in the future.
Gemini Crypto Exchange founder Cameron Winklevoss says that a strategic bitcoin reserve is a must, not a choice, and that nations that delay bitcoin storage will face higher costs, reduced geopolitical influence and a great loss of financial sovereignty.
“A strategic Bitcoin reserve is really not a choice if you look at the game theory and national security reviews. It’s a must. As well as rare soil arrangements, gold, oil, etc., all countries must store these resources to increase self -sufficiency and reduce the leverage effect for its opponents, “Winklevoss wrote on X on Monday.
The Crypto contractor warned that nations would move quickly to collect bitcoin.
“Store sooner than later and before other countries are much better when it comes to the price you pay. These are simple things, ”he said.
Following Coinbase CEO Brian Armstrong and several other industry leaders, Gemini’s co-founder is the latest figure for voting support for a bitcoin-focused reserve.
Armstrong suggested on Sunday that a national digital asset reserve that focused solely on Bitcoin would be the best option. CEO of Coinbase pointed out that Bitcoin is the most reliable value of value and sees it as a successor to gold.
In response to President Trump’s proposal to include Altcoins such as Ethereum, XRP, Solana and Cardano in the reserve, Armstrong suggested using a market value-weighted index for crypto assets if variation is desired. Still, he claimed that focus only on Bitcoin would be the most simple choice.
According to Tyler Winklevoss, ADA does not qualify as a strategic reserve. He added that the coin is viable for the list at Gemini.
While I don’t think Ada is appropriate for a strategic reserve, I think it’s viable to list on @Gemini. We will investigate this. https://t.co/hoeo19sbmg
– Tyler Winklevoss (@tyler) March 3, 2025
Peter Schiff, a long time bitcoin critic, questioned the reasons behind including XRP and other digital assets in the reserve beyond Bitcoin.
“Because XRP is great technology, survived a global standard, for a decade through many hard cycles and has one of the strongest communities. I think the president made the right decision, “Charles Hoskinson, co -founder of Cardano, defended the introduction of XRP In the US Crypto Reserve.
David Sacks, the White House AI and Crypto Czar, said that further details about the proposed Crypto Reserve will be revealed at the first Crypto top meeting in the White House on March 7.
