Coinbase CEO criticises Trumps crypto reserve format
Coinbase CEO Brian Armstrong urges U.S. to adopt Bitcoin-only crypto reserve.
Coinbase CEO Brian Armstrong has joined the growing debate on the composition of a national crypto reserve, arguing that the United States should adopt a Bitcoin-only approach.
Speaking on social media and at industry events, Armstrong reiterated his long-standing belief that Bitcoin’s unique scarcity and security—qualities he compares to gold—make it the superior reserve asset, reports Cryptopolitan.
He contends that Bitcoin’s proven track record over time makes it the most viable instrument for safeguarding value and enforcing monetary sovereignty.
A Clear Stand Against Altcoins
Armstrong’s comments come in response to President Trump’s recent suggestion that a national crypto reserve should include a broad array of digital assets, including altcoins. While Trump envisions a multi-asset reserve designed to support the entire cryptocurrency ecosystem, Armstrong and many Bitcoin advocates insist that only Bitcoin has the necessary properties to serve as a stable store of value.
“If you want a reserve, you need to pick what’s proven to work,” Armstrong stated, emphasizing that diversification may expose the reserve to unnecessary volatility. His remarks have resonated with many in the Bitcoin community, who predict that Bitcoin could reach as high as $300,000 by 2025.
Divergent Views on Reserve Strategy
The debate has ignited diverse responses on social media. Some critics argue that placing all reserves in a single digital asset is too risky and that a diversified approach could better mitigate market fluctuations. Others warn that including altcoins may dilute the reserve’s effectiveness, potentially undermining the confidence needed to ensure financial stability.
As policymakers weigh these competing perspectives, the discussion highlights the broader challenge of integrating digital assets into national financial strategies. With regulatory frameworks gradually emerging, the U.S. government now faces a critical decision: whether to place its trust solely in Bitcoin or hedge its position by including a mix of cryptocurrencies.
Recently we wrote, that President Donald Trump has announced an expansion of the U.S. crypto strategic reserve, directing the President’s Working Group on Digital Assets to include Bitcoin, Ethereum, Solana, XRP, and Cardano.
