Bitcoin Is the Best Store of Value, Says Gemini Co-Founder

Story Highlights

Winklevoss says only Bitcoin fits a Strategic Reserve.

XRP, SOL, and ADA lack hard money qualities, Winklevoss claims.

Trump seeks to boost crypto industry credibility.

Tyler Winklevoss, co-founder of Gemini, recently shared his opinion on the U.S. Crypto Strategic Reserve. He holds no objection toward cryptocurrencies, including XRP as well as Solana (SOL), and Cardano (ADA). The digital currencies do not meet his standards to establish them as part of a Strategic Reserve. The required digital asset standard has only one qualifying entry which is Bitcoin, according to Winklevoss.

Winklevoss Questions XRP, SOL, ADA in U.S. Crypto Reserve

Through his X account, Winklevoss mentioned that XRP, SOL, and ADA cryptocurrencies are available for trading on the Gemini platform. The assets have satisfied all listing standards set by Gemini. In his opinion, a strategic reserve needs special criteria for assessment. Hard money qualities belong to assets in the reserve, according to his assertion, because they function like gold stored value.

The announcement of a U.S. Crypto Strategic Reserve came from President Donald Trump during his recent statements. XRP, Solana, and Cardano represent some of the selected cryptocurrency holdings in the reserve program. The crypto market displayed significant price alterations in these digital assets.

The Trump administration works toward enhancing cryptocurrency, as Trump declared his dedication to support the industry despite its past problems with fraudulent behavior. According to him the establishment of a strategic reserve would strengthen the credibility of cryptocurrency while maintaining its standing position in modern financial systems.

Experts Say Crypto Reserve Will Boost Industry Credibility

The crypto community has started a passionate discussion since this decision was made. Multiple experts agree that establishing this reserve would provide needed credibility and stability to the crypto industry. The co-founder Winklevoss maintains that Bitcoin should constitute the only funds within a strategic reserve because its proven record and reliability stand out.

The crypto industry maintains its watchful perspective for more implementation and management particulars regarding the U.S. Crypto Strategic Reserves. Investors and analysts will maintain close observation of the upcoming measures regarding this initiative between government authorities and leading industry players.