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Coinbase CEO Favors Bitcoin-only US Crypto Reserve

  • 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.

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