COINOTAG News reported on March 4th that Cameron Winklevoss, co-founder of Gemini, expressed optimism regarding the **cryptocurrency strategic reserve plan**. However, he voiced his astonishment over the types of **digital assets** presently under evaluation. According to Winklevoss, only **Bitcoin** aligns with the criteria for a **value reserve asset**, with **Ethereum** potentially qualifying as well. He draws a parallel between these cryptocurrencies and the **United States’ gold and oil reserves**, specifically referencing institutions like the Kentucky Gold Depository and the New York Federal Reserve Bank. Winklevoss emphasizes that while it is conceivable for additional assets to eventually meet these stringent standards, the threshold remains exceptionally high. Notably, he mentions that should the government procure digital assets such as **XRP**, **ADA**, or **SOL** through processes like seizure or confiscation, it would constitute an acceptable method of storage, starkly contrasting with the proactive acquisition approach within the **open market**.
Source: https://en.coinotag.com/breakingnews/gemini-co-founder-cameron-winklevoss-advocates-for-bitcoin-as-the-leading-digital-reserve-asset/