President Trump’s plan to include Altcoins in a strategic crypto reserve has divided the crypto community, with some perplexed by the proposed addition of a number of controversial tokens.
On Sunday revealed on Truth Social, the proposed crypto plan would be Create a strategic reserve XRP, Solana, Cardano, Bitcoin and Ethereum wants that.
President Donald Trump’s announcement caused considerable revival About the cryptomarkt after a wider dip that followed $ 1.4 billion of $ 1.4 billion at the end of last month of $ 1.4 billion.
Crypto proponents were quick to postpone their disapproval, which argued for a Bitcoin all-approach instead of taking up what a term like “altcoins” or worse, “shitcoins”.
Bitwise CEO Hunter Horsley said in one after On X he would imagine “the strategic reserve” just Bitcoin. “
“That is the most logical for me,” said Horsley, adding that although many “crypto assets have merits” what is at stake “is not an American investment portfolio” but rather a reserve. “Bitcoin is the undisputed value storage for the digital age.”
Coinbase CEO Brian Armstrong agreedclaiming that only Bitcoin is included in the reserve “would be the best option” as a “successor to gold”.
Armstrong also argued for a market capitalization weighted index of cryptos to “keep it unbiased” if more “variety” was needed. However, he also acknowledged that the first option is “the easiest”.
Armstrong’s post was met support From Adam Back, but was also noticed with the spot of Jan3 CEO Samson Mow.
“Even the Shitcoin Folders don’t want a shitcoin reserve,” said Mow, Place a screenshot from Armstrong’s tweet.
The announcement that Altcoins would be included also made comparisons with technical shares.
Anthony Pompliano, founder of Professional Capital Management, posted On X that if the US would put “altcoins on the balance, it could start just as well” with buying technical shares. “
“Very different risk profile of those assets compared to principle assets of sound money such as gold and bitcoin,” said Pompliano.
Despite the tirades, supporters celebrated Trump’s announcement.
Brad Garlinghouse, CEO of Ripple, defended The movement that claims: “Maximalism is the enemy of the progress of industry.”
“Happy to see that Potus acknowledges that we live in a Multichain world and that we finally pass Bill Hinman and the very broken thinking of the Biden administration,” said Garlinghouse.
Markets responded positively despite the divided sentiment on Sunday with Bitcoin by 11% to more than $ 94,000, while Ethereum rose by 10% to more than $ 2,400 on the news.
Altcoins also saw profits with Cardano rise 60%, while XRP jumped by around 27%. Meanwhile, Solana rose by 25% after the announcement, according to data from Coetecko.
Published by Sebastian Sinclair
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