Strategic Bitcoin Reserve: A Necessity

Gemini crypto exchange co-founder Cameron Winklevoss argues for a strategic Bitcoin reserve, emphasizing that it is essential for national security and economic stability.

> “A Strategic Bitcoin Reserve is really not a choice if you look at the game theory and national security ramifications. It’s a must. Like rare earth minerals, gold, oil, etc., any country needs to stockpile these resources to increase self-sufficiency and reduce leverage of its adversaries,” Winklevoss stated on X.

Winklevoss urges nations to stockpile Bitcoin quickly to pay lower prices and enhance national autonomy.

> “Stockpiling sooner rather than later and before other countries is much better in terms of the price you pay. This is simple stuff,” he added.

Echoing this sentiment, Coinbase CEO Brian Armstrong suggested that a national digital asset reserve focused on Bitcoin would be ideal, considering it the most reliable store of value.

In contrast to President Trump’s proposal to include altcoins like Ethereum and XRP in the reserve, Armstrong believes prioritizing Bitcoin simplifies matters. He proposed a market capitalization-weighted index of crypto assets if variety is desired.

Tyler Winklevoss commented on ADA’s suitability for a strategic reserve, stating:

> “While I don’t think ADA is suitable for a Strategic Reserve, I do think it is viable for listing on @Gemini. We will look into this.”

Critics like Peter Schiff questioned the inclusion of assets like XRP, while Charles Hoskinson defended its technology and community.

According to David Sacks, more information regarding the proposed crypto reserve will be shared at the upcoming White House Crypto Summit on March 7.