Will the US Reserve be “Bitcoin only”? Community Debates


A local US press report released on Thursday, January 16, sparked a wave of reactions and considerations among cryptocurrency users. It was said that the US, led by President-elect Donald Trump, would prioritize other crypto assets before bitcoin (BTC) for its national reserve, thus contradicting the discourse that has been maintained since last July.

According to sources from the NY Post, there are talks for Donald Trump to create a reserve that prioritizes cryptocurrencies created in the United States, such as solana (SOL), ripple (XRP) and USD Coin (USDC), instead of bitcoin, which is the original focus. According to the sources, Trump would be receptive to that idea.

However, analysts and industry insiders who have studied the movement of the reserves believe that there is no possibility that Trump will abandon BTC to create his treasury.

Colombian Bitcoin market analyst Juan Rodriguez says there will be no strategic reserve in the United States for XRP, nor for SOL. As Rodriguez sees it, Ripple “does not have the money to form a strategic reserve in the US” and, therefore, “will have to settle for the ETF” for that crypto asset, which could be approved this year.

Rodriguez notes that Trump “has not forgotten Ripple’s $12 million donation to Kamala Harris’ presidential campaign.”  Harris received open support from Ripple, with the company’s co-founder Chris Larsen joining a group of other entrepreneurs who backed the Democratic candidate at the time.

The specialist also commented that the recent donation of $5 million in XRP to Donald Trump's Inaugural Committee, "buys a position on the cryptocurrency rules trading desks in the United States."

Along similar lines, Dennis Porter, a Bitcoin policy expert and founder of the Satoshi Act Fund, told X that the U.S. reserve should only hold bitcoin and nothing else.

According to Porter, “everything except bitcoin is a platform for JPEGs, contracts, games, etc.” He added that the US does not need a cryptocurrency reserve to be used as a platform. “We need bitcoin to save our nation from runaway inflation, monetary debasement, and to protect us from the BRICS. Only bitcoin is a reserve asset,” he emphasized.

A reasonable idea?

Despite comments ruling out a cryptocurrency reserve, rather than a bitcoin reserve, there are those who believe it is possible. This is the case of bitcoiner Adam Dubove, who thinks that the idea of ​​Trump creating a reserve of American cryptocurrencies “is much more reasonable with the statist vision that the president-elect has historically had.”

The topic of bitcoin reserves is all the rage, especially as Trump takes office. A BTC reserve means the government would accumulate and hold a significant amount of bitcoin as a reserve asset, similar to how gold is held.

This is one of Trump's promises for the ecosystem, first made in July 2024, as reported by this media. Trump aims for a friendlier image towards cryptocurrencies, which would make them a national priority, thus creating the BTC reserve and making other policies official from his first day.

It remains to be seen how the new US administration will behave and whether Trump will actually keep his promises regarding the ecosystem, as there are those who consider that cryptocurrency regulation becomes a threat “when it comes from governments that try to control positive innovation,” as is the case of Amith Nirgunarthy, a BTC entrepreneur.

He thus recalls the outgoing US government, which, through the Securities and Exchange Commission (SEC), was in charge of pursuing companies in the cryptocurrency sector, generating million-dollar expenses for the companies and leaving indelible marks on prominent figures in the industry, such as Changpeng Zhao, former CEO of Binance, the largest cryptocurrency exchange in the world.

The debate over whether the U.S. reserve should be solely bitcoin or include other cryptocurrencies continues, reflecting divisions and expectations within the community. The direction this policy takes could define the future of the cryptoasset market in the United States and set a global precedent for how governments interact with new forms of digital value.

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