• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Crypto Market Structure Bill: Senate Sources Indicate Draft Release As Soon As Tomorrow
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Crypto Market Structure Bill: Senate Sources Indicate Draft Release As Soon As Tomorrow
Crypto

XRP, SOL, And ADA Not Fit For Strategic Reserves, Says Gemini Co-Founder

Ronaldo Marquez
by Ronaldo Marquez
7 months ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The cryptocurrency market was briefly invigorated over the weekend following President Donald Trump’s announcement regarding the creation of a “crypto strategic reserve,” which would include tokens such as XRP, Solana (SOL), Cardano (ADA), Ethereum (ETH), and Bitcoin (BTC). 

This news initially propelled crypto prices upward with XRP and ADA among the biggest gainers, generating excitement among investors eager to see the digital asset class gain further institutional legitimacy.

Winklevoss Advocates For Bitcoin Only

However, this rally proved to be short-lived, dissipating within less than 48 hours. Analysts attribute this to Trump’s ongoing tariff policies and a profit taking behaviour by investors, which have significantly impacted risk assets amid global economic uncertainties. 

The combination of these factors has led to a widespread sell-off in the crypto markets, raising concerns about the sustainability of the initial gains.

Related Reading: Ripple Negotiating Hard? Lawyer Thinks It’s Causing SEC’s Case Resolution

Plus, industry leaders have voiced skepticism regarding the selection of cryptocurrencies for the strategic reserve. Notably, Tyler Winklevoss, co-founder of the crypto exchange Gemini, expressed his doubts about the suitability of XRP, SOL, and ADA for such a reserve. 

In a recent post on X (formerly Twitter), he stated, “I have nothing against XRP, SOL, or ADA, but I do not think they are suitable for a Strategic Reserve. Only one digital asset in the world right now meets the bar, and that digital asset is Bitcoin.”

Winklevoss emphasized that for an asset to qualify as part of a strategic reserve, it should be “hard money” and a proven store of value, akin to gold, which is part of his reasoning on only including Bitcoin in a potential crypto strategic reserve.

Leaders Debate XRP, ADA, SOL’s Inclusion

Market expert Justin Bennett responded to Winklevoss’ comments, suggesting that the focus on a strategic reserve might be more about personal interests than sound economic strategy. 

Bennett argued that Trump’s inclusion of various altcoins in the reserve proposal is unrealistic, stating, “There isn’t a snowball’s chance in hell of getting a reserve with those ‘assets’ through Congress.” Bennet criticized the president’s approach, claiming it undermines the credibility of the crypto space.

Related Reading: CZ’s Fix For Crypto Chaos? New Token Model To Calm Crypto Volatility

Adding to the discourse, Brian Armstrong, CEO of Coinbase, shared his perspective on the ideal assets for a strategic reserve. He noted, “Just Bitcoin would probably be the best option—simplest, and clear story as successor to gold.” 

Armstrong also suggested that if a more diverse portfolio were desired, a market cap-weighted index of crypto assets could be a feasible alternative, though he maintained that Bitcoin remains the most straightforward choice.

XRP
The daily chart shows XRP’s price volatility. Source: XRPUSDT on TradingView.com

At the time of writing, XRP is trading at $2.32, down 14% in the 24-hour time frame, with its next support at $2.20. As of now, XRP is 32% below its all-time high of $3,040, which was reached during the 2018 bull run.

Featured image from DALL-E, chart from TradingView.com 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Ronaldo Marquez

Ronaldo Marquez

Follow

Ronaldo is a seasoned crypto enthusiast with over four years of experience in the field. He is passionate about exploring the vast and dynamic world of decentralized finance (DeFi) and its practical applications for achieving economic sovereignty. Ronaldo is constantly seeking to expand his knowledge and expertise in the DeFi space, as he believes it holds tremendous potential for transforming the traditional financial landscape.

Full Profile

Related Posts

Bitcoin Hyper $25M Presale Brings Scalability to Bitcoin: Here’s Why It’s the Best Crypto to Buy

Bitcoin Hyper $25M Presale Brings Scalability to Bitcoin: Here’s Why It’s the Best Crypto to Buy

49 minutes ago
crypto

Crypto Crime In Thailand: Chinese Man Held Over $14M Ponzi Scheme

1 hour ago
new-generation-bet-how-asian-youth-are-redefining-sports-betting

新世代的賭注:亞洲年輕人如何改寫體育博彩的玩法

4 hours ago
fed-rate-cut-boosts-bitcoin-and-fuels-hunt-for-next-100x-crypto

聯儲減息再度落地比特幣強勢上攻 資金流向風險資產和下個百倍幣

5 hours ago
Hong Kong Crypto

Hong Kong Regulator Sounds Alarm on Companies Holding Crypto In Treasuries

7 hours ago
Cardano CEO: Peter Schiff heeft ongelijk over BTC, Bitcoin koers naar $1M

Cardano CEO: Peter Schiff heeft ongelijk over BTC, Bitcoin koers naar $1M

15 hours ago

Premium Sponsors

Press Releases

  • Is Staking Crypto Worth It? XRP Tundra Presale Offers 12% APY

    Is Staking Crypto Worth It? XRP Tundra Presale Offers 12%...

    18 hours ago
  • Crypto Predictions Favor Tundra as XRP Ecosystem Catalyst

    Crypto Predictions Favor Tundra as XRP Ecosystem Catalyst

    18 hours ago
  • Bitcoin Hyper

    Докато Биткойн се търгува на $113K...

    20 hours ago
  • weex-welcome-promo-800-usdt-tested-for-beginners-tw

    新手別錯過:測試了WEEX迎新活動 領到800...

    20 hours ago
  • Deleion Capital Launches Mobile App for Passive Crypto Earning for Diversified & Profitable Investments

    Deleion Capital Launches Mobile App for Passive Crypto...

    24 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.