Brian Armstrong, CEO of Coinbase, proposed a market-cap-weighted index for diversification but asserted that Bitcoin would be the most straightforward choice for the U.S. strategic reserve. Meanwhile, President Trump highlighted the importance of viewing digital assets as a strategic national resource, suggesting a shift from the policies of previous administrations. In response to Trump’s recent announcement regarding the Crypto Strategic Reserve, Armstrong indicated that Bitcoin might be the premier option for this initiative. The suggestion that highlights five key cryptocurrencies—Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA)—is currently a topic of discussion among cryptocurrency enthusiasts about the best approach to asset allocation, as noted in our earlier article. The CEO of Coinbase is promoting a Bitcoin-only reserve. The CEO of Coinbase expressed his perspective on X following a reply to comments made by David Sacks, who is the designated U.S. Crypto and AI Czar. Sacks observed that Trump’s commitment to establishing the U.S. as a frontrunner in digital assets was linked to Executive Order 14178. “President Trump has introduced a Crypto Strategic Reserve featuring Bitcoin and various leading cryptocurrencies,” Sacks stated in a post on X. He included, This aligns with his executive order 14178 from the first week. President Trump is fulfilling his pledge to establish the U.S. as the leading hub for cryptocurrencies. “Additional information will be provided at the Summit.”
The CEO of Coinbase advocates for a strategy focused solely on Bitcoin for the company’s crypto reserve, explaining his reasoning behind this preference.
