Coinbase CEO Brian Armstrong has advocated for Bitcoin-Only strategic reserve after US President Donald Trump announced that XRP (Ripple), SOL (Solana), and ADA (Cardano) would be included in the US strategic reserve, along with Bitcoin (BTC) and Ethereum (ETH).

In a post on X, Armstrong said Bitcoin is the “best choice” for US. On 3 March 2025, Armstrong said that he is “still forming an opinion on asset allocation.” 

“Just Bitcoin would probably be the best option – simplest, and clear story as successor to gold,” he said. 

Excited to learn more. Still forming an opinion on asset allocation, but my current thinking is:

1. Just Bitcoin would probably be the best option – simplest, and clear story as successor to gold
2. If folks wanted more variety, you could do a market cap weighted index of crypto… https://t.co/jv8Gcn8N2S

— Brian Armstrong (@brian_armstrong) March 3, 2025

Armstrong’s recommendation came in response to White House AI and Crypto Czar David Sacks on  X, where the Coinbase executive outlined two potential frameworks for structuring the national cryptocurrency reserve.

Could Armstrong’s endorsement of a Bitcoin-only approach add significant weight to discussions about how the US government should structure its entry into cryptocurrency holdings?

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Bitcoin Rallies 20% As Trump Reveals Plan For Strategic Reserve

Bitcoin, along with four other cryptocurrencies, rallied after Trump said he’d like to include them in the new strategic reserve to make US “the crypto capital of the world.”

Sacks credited Trump and said that the US President is “keeping his promise.”

President Trump has announced a Crypto Strategic Reserve consisting of Bitcoin and other top cryptocurrencies. This is consistent with his week-one E.O. 14178. President Trump is keeping his promise to make the U.S. the “Crypto Capital of the World.” More to come at the Summit.

— David Sacks (@davidsacks47) March 2, 2025

 

Meanwhile, the Cardano community celebrated Trump’s announcement, calling it “an amazing moment for the cryptocurrency industry.”

BREAKING: President Donald Trump has announced that his Executive Order on Digital Assets directed his Presidential Working Group to “move forward on a Crypto Strategic Reserve that includes $XRP, $SOL, and $ADA!”

This is an amazing moment for the cryptocurrency industry. pic.twitter.com/etCrytBmZa

— The Cardano Times (@TheCardanoTimes) March 2, 2025

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