Trump's Crypto Reserve: Bitcoin vs. XRP, Schiff and Hoskinson Clash

President Donald Trump's recent posts on the Truth Social platform have sparked a significant discussion in the cryptocurrency world. The President announced a strategic initiative to create a U.S. crypto reserve, positioning the country as a global leader in digital assets. Initially, Trump named XRP, Solana (SOL), and Cardano (ADA) as the cryptocurrencies to be included in the reserve, which led to a sharp rally in their prices. Later, the President added Bitcoin (BTC) and Ethereum (ETH) to the list, indicating that he has been considering the idea of a strategic crypto reserve since his 2024 presidential campaign.

Renowned financial commentator Peter Schiff has questioned the inclusion of XRP in the crypto reserve while acknowledging the rationale behind including BTC. Schiff admitted that Bitcoin is "digital gold," which is better than analog gold, and thus, a Bitcoin reserve makes sense. However, he is puzzled by the inclusion of XRP in the reserve, asking, "But what's the rationale for an XRP reserve? Why the hell would we need that?"

Bitcoiners have concurred with Schiff, arguing for a Bitcoin-only approach rather than incorporating what some term as "shitcoins." One onlooker stated, "This is exactly correct. The only cryptocurrency it makes sense for the government to hold long-term is Bitcoin. Will XRP even be here in 10 years? Who knows?"

Meanwhile, Charles Hoskinson, the creator of Cardano — another altcoin included in the crypto reserve — came to XRP's defense. He stated that XRP is a "great technology" and a "global standard" with one of the strongest communities. Hoskinson also noted that XRP has survived for a decade, indicating that the President made the right decision in including it in the crypto reserve.

Hoskinson's recent praise for XRP has surprised the cryptocurrency community, as he has previously clashed with members of the XRP community. In late 2022, he labeled the XRP community as "toxic and petty," adding that the payments-focused token "provides no partnership or technical value." However, Hoskinson has made efforts to mend ties with XRP adherents in recent months.

Ripple CTO David Schwartz was in disbelief after Hoskinson recently heaped praises on XRP, questioning whether he