Trump's Crypto Reserve: Bitcoin vs. Altcoins in Heated Debate
1min read Former US President Donald Trump's confirmation of a plan to establish a cryptocurrency reserve has sparked a debate on the composition of the proposed reserve. While many believe it will include several prominent altcoins such as XRP, Solana, Ethereum, and Cardano, some experts like Will baxter have expressed reservations about the possible inclusion of altcoins, advocating for a Bitcoin-only reserve.
Baxter, a Vice President at Braiins Mining, has presented several reasons why including altcoins in the reserve could be a mistake. He argues that Bitcoin's truly decentralized nature, lack of pre-mined supply, robust security, and fixed supply make it the ideal choice for a national reserve. Additionally, he contends that altcoins have lobbied their way into the reserve, questioning the fairness of including them.
The debate surrounding the composition of the US crypto reserve comes after the Trump administration adopted a pro-crypto stance during his presidency. The administration introduced aggressive policies to support the crypto industry, including the establishment of a special crypto task force and the appointment of pro-crypto leaders in key administration positions.
Despite the ongoing debate, there is currently no clarity on the composition of the US crypto reserve. As the discussion continues, it remains to be seen whether the reserve will be Bitcoin-only or include a mix of altcoins.
