Brian Armstrong, CEO of Coinbase, supports the idea of a U.S. Crypto Reserve but suggests it should only hold Bitcoin due to its simplicity and long-term value.
Armstrong favors Bitcoin as it has a clear story as a successor to gold and is widely regarded as digital gold by investors.
A market cap weighted index of crypto assets is suggested by Armstrong for those seeking greater variety, but he reiterates the Bitcoin-only option is the easiest.
President Trump's proposed U.S. Crypto Reserve includes Bitcoin, Ethereum, XRP, Solana, and Cardano, which has sparked controversy among the crypto community.