{"id":15892,"date":"2025-03-03T14:31:49","date_gmt":"2025-03-03T14:31:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=15892"},"modified":"2025-03-03T14:31:49","modified_gmt":"2025-03-03T14:31:49","slug":"creating-bitcoin-crypto-reserve-makes-sense-but-adding-xrp-is-a-distraction-say-critics","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=15892","title":{"rendered":"Creating Bitcoin Crypto Reserve Makes Sense But Adding XRP Is A Distraction: Say Critics"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Last week, Bitcoin (BTC), XRP, Ethereum, and most altcoins fell by double digits. With BTC briefly dipping below $80,000\u2014hitting a low of $79,000 on Friday\u2014some traders opted to cash out. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Then Sunday changed everything. On<\/span><span data-preserver-spaces=\"true\"> Mar<\/span><span data-preserver-spaces=\"true\">ch 2, 2025, President Donald Trump unveiled a bold vision during a White House press conference, later amplified on Truth Social, to position the United States as a global crypto leader.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">( <a href=\"https:\/\/twitter.com\/realDonaldTrump?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@realDonaldTrump<\/a> \u2013 Truth Social Post )<br \/>( Donald J. Trump \u2013 Mar 02, 2025, 10:24 AM ET )<\/p>\n<p>A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the\u2026 <a href=\"https:\/\/t.co\/IMI9tAoqp0\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/IMI9tAoqp0<\/a><\/p>\n<p>\u2014 Donald J. Trump <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f1fa-1f1f8.png\" alt=\"\ud83c\uddfa\ud83c\uddf8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> TRUTH POSTS (@TruthTrumpPosts) <a href=\"https:\/\/twitter.com\/TruthTrumpPosts\/status\/1896227658549313585?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 2, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">Central to this plan is a strategic crypto reserve, modeled after the petroleum reserve, designed as a hedge against economic uncertainty.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The reserve will primarily feature Bitcoin and Ethereum but also include \u201cot<\/span><span data-preserver-spaces=\"true\">he<\/span><span data-preserver-spaces=\"true\">r valuable coins\u201d li<\/span><span data-preserver-spaces=\"true\">ke<\/span><span data-preserver-spaces=\"true\"> XRP, Solana (SOL), and Cardano (ADA). <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The announcement triggered a market surge\u2014BTC peaked at $95,000 before retracing, wh<\/span><span data-preserver-spaces=\"true\">ile XRP<\/span><span data-preserver-spaces=\"true\">, a standout gainer, jumped from $2.20 to nearly $3 before settling back. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This rally reflects endorsement from the Trump administration and hints at a regulatory thaw, yet not everyone is on board. Pe<\/span><span data-preserver-spaces=\"true\">ter Sch<\/span><span data-preserver-spaces=\"true\">iff, a crypto skeptic, argues that while a Bitcoin reserve has merit, including XRP makes no sense and dilutes the concept.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Best New Cryptocurrencies to Invest in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">A Crypto Reserve Is Historic, Why XRP?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Trum<\/span><span data-preserver-spaces=\"true\">p\u2019s pro<\/span><span data-preserver-spaces=\"true\">posal marks a historic shift for the crypto industry, aligning with his pro-crypto stance post-inauguration. B<\/span><span data-preserver-spaces=\"true\">itcoin and<\/span><span data-preserver-spaces=\"true\"> Ethereum form its backbone. Th<\/span><span data-preserver-spaces=\"true\">e <\/span><span data-preserver-spaces=\"true\">sur<\/span><span data-preserver-spaces=\"true\">prise inclusion of XRP, SOL, and ADA, ho<\/span><span data-preserver-spaces=\"true\">wever, has<\/span><span data-preserver-spaces=\"true\"> ignited debate. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">X<\/span><span data-preserver-spaces=\"true\">RP spiked 40% on this news. Mo<\/span><span data-preserver-spaces=\"true\">re opt<\/span><span data-preserver-spaces=\"true\">imism around easing SEC pressure, especially after dropped cases against Uniswap and Coinbase, fanned demand.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Yet, Schiff is pushing back. In<\/span><span data-preserver-spaces=\"true\"> an <\/span><span data-preserver-spaces=\"true\">X post on M<\/span><span data-preserver-spaces=\"true\">arch 2, he<\/span><span data-preserver-spaces=\"true\"> conceded, \u201cI <\/span><span data-preserver-spaces=\"true\">ge<\/span><span data-preserver-spaces=\"true\">t the rationale for a Bitcoin reserve. I <\/span><span data-preserver-spaces=\"true\">don<\/span><span data-preserver-spaces=\"true\">\u2019<\/span><span data-preserver-spaces=\"true\">t agr<\/span><span data-preserver-spaces=\"true\">ee wit<\/span><span data-preserver-spaces=\"true\">h it, but I get it. We<\/span><span data-preserver-spaces=\"true\"> hav<\/span><span data-preserver-spaces=\"true\">e a gold reserve. Bi<\/span><span data-preserver-spaces=\"true\">tcoin is <\/span><span data-preserver-spaces=\"true\">digital gold, which is better than analog gold.\u201d <\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I get the rationale for a Bitcoin reserve. I don&#8217;t agree with it, but I get it. We have a gold reserve. Bitcoin is digital gold, which is better than analog gold. So let&#8217;s create a Bitcoin reserve too. But what&#8217;s the rationale for an XRP reserve? Why the hell would we need that?<\/p>\n<p>\u2014 Peter Schiff (@PeterSchiff) <a href=\"https:\/\/twitter.com\/PeterSchiff\/status\/1896274641959927961?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 2, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">He views Bitc<\/span><span data-preserver-spaces=\"true\">oin\u2019s cap<\/span><span data-preserver-spaces=\"true\">ped supply of 21 million BTC\u2014nearly 20 million already mined\u2014and its deflationary halving cycle as a logical inflation hedge. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Adding XRP, however, seems to muddy a Bitcoin-centric vision.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Understandably, his stance reflects Bitcoin maximalism, which prizes BTC\u2019<\/span><span data-preserver-spaces=\"true\">s sca<\/span><span data-preserver-spaces=\"true\">rcity and decentralization. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">XRP, whic<\/span><span data-preserver-spaces=\"true\">h is cor<\/span><span data-preserver-spaces=\"true\">e to Ripp<\/span><span data-preserver-spaces=\"true\">le\u2019s On-<\/span><span data-preserver-spaces=\"true\">Demand Liquidity (ODL) platform, serves a different purpose\u2014facilitating fast cross-border payments for institutions via the XRP Ledger (<a class=\"general-link\" title=\"Ripple and XRPL Labs Join DeRec Alliance To Revolutionize Digital Asset Recovery\" href=\"https:\/\/99bitcoins.com\/news\/ripple-and-xrpl-labs-join-derec-alliance-to-create-new-standards-for-digital-asset-recovery-and-self-custody\/\" rel=\"\">XRPL<\/a>).<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/analysis\/crypto-forecast-best-crypto\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Coins with High Returns: Crypto Forecast 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">A Case For Bitcoin-Only Reserve<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">While Card<\/span><span data-preserver-spaces=\"true\">ano\u2019s Cha<\/span><span data-preserver-spaces=\"true\">rles Hoskinson <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/IOHK_Charles\/status\/1896277229673545831\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">defended<\/span><\/a><span data-preserver-spaces=\"true\"> XRP sayi<\/span><span data-preserver-spaces=\"true\">ng it <\/span><span data-preserver-spaces=\"true\">is u<\/span><span data-preserver-spaces=\"true\">nderpinned by <\/span><span data-preserver-spaces=\"true\">a \u201cgr<\/span><span data-preserver-spaces=\"true\">ea<\/span><span data-preserver-spaces=\"true\">t technology\u201d wi<\/span><span data-preserver-spaces=\"true\">th<\/span><span data-preserver-spaces=\"true\"> a decade-long track record, Schiff thinks that if XRP qualifies, \u201cev<\/span><span data-preserver-spaces=\"true\">en<\/span><span data-preserver-spaces=\"true\"> meme coins like \u2018fa<\/span><span data-preserver-spaces=\"true\">rt<\/span><span data-preserver-spaces=\"true\">coin\u2019\u201d <\/span><span data-preserver-spaces=\"true\">co<\/span><span data-preserver-spaces=\"true\">u<\/span><span data-preserver-spaces=\"true\">l<\/span><span data-preserver-spaces=\"true\">d join the reserve.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Ripple remains locked in a legal battle with the SEC, which appealed a July 2023 ruling by Judge Analisa Torres. Th<\/span><span data-preserver-spaces=\"true\">e jud<\/span><span data-preserver-spaces=\"true\">ge deemed XRP\u2019<\/span><span data-preserver-spaces=\"true\">s sec<\/span><span data-preserver-spaces=\"true\">ondary sales non-securities, though institutional sales violated securities laws.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On X, other critics chim<\/span><span data-preserver-spaces=\"true\">ed in sayi<\/span><span data-preserver-spaces=\"true\">ng add<\/span><span data-preserver-spaces=\"true\">ing altcoins \u201clo<\/span><span data-preserver-spaces=\"true\">ok<\/span><span data-preserver-spaces=\"true\">s like corruption\u201d th<\/span><span data-preserver-spaces=\"true\">at<\/span><span data-preserver-spaces=\"true\"> \u201ccr<\/span><span data-preserver-spaces=\"true\">ea<\/span><span data-preserver-spaces=\"true\">tes winners and losers.\u201d Th<\/span><span data-preserver-spaces=\"true\">ey<\/span><span data-preserver-spaces=\"true\"> argue a BTC-only reserve aligns with decentralization, avoiding perceived favoritism toward Solana or Cardano.<\/span><\/p>\n<p><a href=\"https:\/\/twitter.com\/toshiHQ\/status\/1896393075565441345\" target=\"_blank\" rel=\"nofollow\">https:\/\/twitter.com\/toshiHQ\/status\/1896393075565441345<\/a><\/p>\n<p><span data-preserver-spaces=\"true\">The market is now firm. XR<\/span><span data-preserver-spaces=\"true\">P is <\/span><span data-preserver-spaces=\"true\">trading above $2.5 while Bitcoin is steady above $90,000. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">All eyes are on the upcoming White House Crypto Summit on M<\/span><span data-preserver-spaces=\"true\">arch 7, ho<\/span><span data-preserver-spaces=\"true\">sted by Trump and chaired by David Sacks, the AI and crypto czar. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Analysts see it as a defining moment for the United States crypto policy.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-ai-crypto-coins\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Best AI Crypto Coins to Invest in 2025<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">U.S. crypto reserve to include XRP and other altcoins, worth it?<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n         Donald Trump said the country will create a crypto reserve     <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         Bitcoin, XRP, and top altcoins included     <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         Critic thinks adding XRP waters down the Bitcoin-only vision and isn\u2019t worth it     <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/creating-bitcoin-crypto-reserve-makes-sense-but-adding-xrp-is-a-distraction-say-critics\/\">Creating Bitcoin Crypto Reserve Makes Sense But Adding XRP Is A Distraction: Say Critics<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Last week, Bitcoin (BTC), XRP, Ethereum, and most altcoins fell by double digits. With BTC briefly dipping below $80,000\u2014hitting a low of $79,000 on Friday\u2014some traders opted to cash out. Then Sunday changed everything. On March 2, 2025, President Donald Trump unveiled a bold vision during a White House press conference, later amplified on Truth [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-15892","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15892"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15892\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}