US President Donald Trump's decision to include a variety of altcoins alongside Bitcoin in the newly formed Crypto Strategic Reserve has faced criticism from industry leaders and experts.
Bitwise's Head of Alpha Strategies, Jeff Park, called it a 'huge political miscalculation' and stressed the importance of focusing solely on Bitcoin as the premier digital store of value.
Bitwise CEO, Hunter Horsley, noted that the term 'reserve' implies a focus on stability and global recognition, which are features largely attributed to Bitcoin rather than newer assets.
Other industry figures, including Coinbase CEO Brian Armstrong and Lightspark CEO David Marcus, expressed their preference for Bitcoin as the primary asset in the reserve.