Brian Armstrong (Coinbase) and Tyler Winklevoss (Gemini) argue that Bitcoin is the only cryptocurrency suitable as a US reserve asset, calling it the “successor to gold.”

Winklevoss stated that while many cryptocurrencies meet Gemini’s listing criteria, only Bitcoin qualifies as “hard money” and a proven store of value. Armstrong agreed, suggesting that if variety is needed, a market cap-weighted index could be an alternative. Cameron Winklevoss added that Ethereum might also qualify, likening it to “digital oil.”

Samson Mow (Jan3) insisted that only proof-of-work assets like Bitcoin and Litecoin should be included, as proof-of-stake assets are vulnerable to foreign control.

Meanwhile, Ripple and Cardano executives defended Trump’s idea of including XRP, ADA, and SOL. Ripple CEO Brad Garlinghouse has long supported a multi-token reserve approach.

The discussion follows Trump’s creation of a Working Group on Digital Assets and an upcoming White House Crypto Summit on March 7 to address regulations and stablecoin oversight.

Source: Cointelegraph