On March 2, US President Donald Trump announced the inclusion of Bitcoin, ETHEREUM, XRP, Solana and Cardano in a newly formed encryption strategy, an initiative aimed at integrating these digital assets into the broader economic and monetary plans in the country. The direct market reaction was important: the prices of many encrypted currencies, which reflects both excitement and investor.
However, the decision to add a variety of Altcoins alongside Bitcoin quickly ignited the discussion between industrial leaders and financial experts, many of whom questioned the wisdom and long -term repercussions of such a wide approach.
Bitcoin, not altcoins
Criticism was fast from Jeff Park, the head of the alpha strategies in BitWise, who Described Trump has moved as a “great political miscalculation” and warned of the danger of internal assumption of dealing, “Park explained that the unique situation of BTC as the first digital store of the value is worth considering independently, and warned that political optics could be converted inadequate if the strategic reserve is characterized by cryptocurrencies with unconfirmed organizational and technological foundations.
Park stated: “A huge political miscalculation by Trump in reducing the importance of the strategic reserve is the focus only on bitcoin. Sad! Political opportunities are calculated through marginal victories of new voices against the loss of old voices. This is the reason that the Elizabeth Warrens Army to combat encryption was not meaningful. Extract 0, loses 100. Trump is about to understand in encryption lands. What is bitcoin coin – and bitcoin only – raises. “
He also highlighted the possibility of a violent reaction to the voters, and attracted the similarities to the past mistakes by politicians who tried to cancel the new electoral districts without weighing the cost of alienating the current supporters. “A big problem here is optics. When you include Altcoins, whose use is very emerging so that it is not considered a” strategy at the national level “, you risk assuming internal dealing even if it is clearly wrong. This is a political negative, even among a sub -group of encryption lovers.”
Hunter Horsley, CEO of Bitwise, Agree With Park, X says he “imagine that the strategic reserve will be just Bitcoin” and that “Bitcoin is the undisputed store for the value of the digital era.” Although Horsley noted that the administration’s openness to encryption as a positive step, he said that the term “reserve” means focusing on global stability and recognition – the features that are largely attributed to BTC instead of the latest assets.
By adding Altcoins, suggested that the White House may undermine the basic principle of owning a national reserve in the first place. “Many encryption assets have advantages, but what we are talking about here is not an American investment portfolio – we are talking about reserves, and BTC is the undisputed store for the value of the digital era. Of course, I am grateful because the new administration is constructive on space. It looked to know more about thinking here.”
It is worth noting that the other leading numbers of the encryption industry that cannot be considered “maximum bitcoin” are consistent with both BitWise executives. Brian Armstrong, CEO of Coinbase, too Proposal Bitcoin is more likely to be the best-Simplest option, and a clear story as a gold wall, “while admitting an alternative: a weighted index of the market for the broader exposure to encryption.” If people want more diversity, you can do a weighted indicator in the market of encryption assets to maintain it not biased but perhaps option No. 1 is easier, “Armstrong stated.
Others approached Trump’s announcement from a more philosophical angle. David Marcus, CEO and co -founder of LightSpark, has noticed, “Mixing the only assets that the code drives with those wrongly managed by man”, indicating the belief that the decentralized algorithms of bitcoin are it very important to real reserve origins.
In turn, the gold defender for a long time and the skeptical shift Delivery Surprising partial support for Bitcoin, saying: “We have a golden reserve, and Bitcoin is digital gold. But what is the logical basis for the XRP reserve? Why is the right of hell we needed?”
At the time of the press, BTC was traded at $ 91,022.
Distinctive image created with Dall.e, Chart from TradingView.com
