{"id":16027,"date":"2025-03-04T08:48:54","date_gmt":"2025-03-04T08:48:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16027"},"modified":"2025-03-04T08:48:54","modified_gmt":"2025-03-04T08:48:54","slug":"gemini-ceo-says-bitcoin-could-be-the-only-us-reserve-grade-crypto","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16027","title":{"rendered":"Gemini CEO Says Bitcoin Could Be The Only US Reserve-Grade Crypto"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">The CEOs of leading crypto exchanges Coinbase and Gemini believe that Bitcoin is the only digital asset that qualifies as a U.S. reserve asset. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Their comments come in response to former President Donald Trump\u2019s recent proposal to create a Crypto Strategic Reserve that would include Bitcoin alongside Solana (SOL), Cardano (ADA), XRP (XRP), and Ethereum (ETH).<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cOnly one digital asset in the world right now meets the bar, and that digital asset is Bitcoin,\u201d said Gemini co-founder Tyler Winklevoss\u00a0 in a 3\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/tyler\/status\/1896598516723577210\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">March 2025 post on X<\/span><\/a><span data-preserver-spaces=\"true\">.<\/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\">Winklevoss: Only \u2018Hard Money\u2019 Like Bitcoin Qualifies as a Reserve Asset<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">While acknowledging the legitimacy of other cryptocurrencies, Winklevoss argued that a reserve asset must be \u201chard money\u201d with a proven store-of-value status, similar to gold.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Coinbase CEO Brian Armstrong echoed Winklevoss\u2019 sentiment, emphasizing Bitcoin\u2019s simplicity and <\/span><span data-preserver-spaces=\"true\">its<\/span><span data-preserver-spaces=\"true\"> reputation as \u201ca clear successor to gold.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, Armstrong suggested that if the US were to diversify its reserve holdings, it should consider a market cap-weighted index of cryptocurrencies to avoid bias.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Excited to learn more. Still forming an opinion on asset allocation, but my current thinking is:<\/p>\n<p>1. Just Bitcoin would probably be the best option \u2013 simplest, and clear story as successor to gold<br \/>2. If folks wanted more variety, you could do a market cap weighted index of crypto\u2026 <a href=\"https:\/\/t.co\/jv8Gcn8N2S\" target=\"_blank\" rel=\"nofollow\">https:\/\/t.co\/jv8Gcn8N2S<\/a><\/p>\n<p>\u2014 Brian Armstrong (@brian_armstrong) <a href=\"https:\/\/twitter.com\/brian_armstrong\/status\/1896350375482970532?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 3, 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\">Cameron Winklevoss, co-founder of Gemini and Tyler\u2019s twin brother, added that Ethereum might also qualify for the Crypto Strategic Reserve, comparing Bitcoin to digital gold and Ethereum to digital oil.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He likened this to the US government\u2019s traditional reserves of gold (held at Fort Knox and the New York Federal Reserve) and oil (stored in the Strategic Petroleum Reserve). <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, he noted that assets like XRP, ADA, and SOL would be better suited for stockpiling rather than active purchasing in open markets.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Meanwhile, Samson Mow, CEO of Bitcoin technology firm Jan3, advocated for a reserve composed exclusively of proof-of-work (PoW) cryptocurrencies like Bitcoin and Litecoin. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Mow argued that proof-of-stake (PoS) assets are vulnerable to foreign manipulation since <\/span><span data-preserver-spaces=\"true\">control can be acquired<\/span><span data-preserver-spaces=\"true\"> simply by holding a majority stake in the asset. \u201cReserve assets must be based on Proof of Work to ensure fundamental integrity and assurance of immutability,\u201d Mow said.<\/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\">Cardano And Ripple Defend Inclusion In Crypto Reserve<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Not all industry leaders oppose Trump\u2019s proposed inclusion of assets beyond Bitcoin and Ethereum. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">When crypto critic Peter Schiff questioned XRP\u2019s place in the reserve, Cardano founder Charles Hoskinson defended it, calling XRP \u201ca global standard\u201d that has \u201csurvived for a decade through many harsh cycles\u201d and has \u201cone of the strongest communities.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Because XRP is great technology, a global standard, survived for a decade through many harsh cycles, and has one of the strongest communities. I think the president made the right decision<\/p>\n<p>\u2014 Charles Hoskinson (@IOHK_Charles) <a href=\"https:\/\/twitter.com\/IOHK_Charles\/status\/1896277229673545831?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\">Ripple CEO Brad Garlinghouse has <\/span><span data-preserver-spaces=\"true\">also<\/span><span data-preserver-spaces=\"true\"> long advocated for a multi-token reserve. He argues that a diverse approach would strengthen the US position.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The Crypto Strategic Reserve proposal follows weeks of evaluation by Trump\u2019s Working Group on Digital Assets. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The initiative will take center stage at the upcoming White House Crypto Summit <\/span><span data-preserver-spaces=\"true\">on 7 March 2025. The <\/span><span data-preserver-spaces=\"true\">industry leaders will meet key figures such as Bo Hines and Trump\u2019s AI and crypto policy advisor, David Sacks. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The summit will address regulatory policies, and stablecoin oversight.<\/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\">Key Takeaways<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">Coinbase and Gemini CEOs argue that Bitcoin is the only cryptocurrency suitable as a U.S. reserve asset.<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">Samson Mow insists that <\/span><span data-preserver-spaces=\"true\">only proof-of-work assets like Bitcoin and Litecoin should be included<\/span><span data-preserver-spaces=\"true\">.<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">Cardano and Ripple executives defend the inclusion of their tokens in Trump\u2019s proposed Crypto Strategic Reserve.<\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/gemini-ceo-says-bitcoin-could-be-the-only-us-reserve-grade-crypto\/\">Gemini CEO Says Bitcoin Could Be The Only US Reserve-Grade Crypto<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The CEOs of leading crypto exchanges Coinbase and Gemini believe that Bitcoin is the only digital asset that qualifies as a U.S. reserve asset. Their comments come in response to former President Donald Trump\u2019s recent proposal to create a Crypto Strategic Reserve that would include Bitcoin alongside Solana (SOL), Cardano (ADA), XRP (XRP), and Ethereum [&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-16027","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\/16027","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=16027"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16027\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}