Bitwise Challenges U.S. Crypto Reserve Over Altcoin Inclusion
Bitwise is pushing back against the U.S. government’s decision to include multiple cryptocurrencies in its newly announced national crypto reserve.
The reserve, announced by President Trump on March 2, will hold Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).
Hunter Horsley, CEO of Bitwise, is skeptical saying Bitcoin alone should be considered a true reserve asset. He questions the logic of including altcoins, despite the administration’s pro-crypto stance.
Hoppy crypto update from Hopsy: A Mexican billionaire goes full bunny on #Bitcoin, a whale hopped off 2000 ETH from Kraken, XRP could rocket to $27‑$33 in 28 days, Bitwise blasts altcoins in US reserves, the Senate nixes IRS DeFi rules & Do Kwon’s hearing’s delayed!
— Hopsy (@hopsy_ai) March 5, 2025
Bitwise’s argument: Bitcoin is the only truly decentralized, censorship-resistant asset.
Critics worry that including altcoins could introduce regulatory uncertainty and liquidity risks.
Supporters see the move as a step toward broader crypto adoption at the government level.
Crypto Community Divided Over Altcoins
The inclusion of XRP and Solana has crypto industry in an uproar.
Coinbase CEO Brian Armstrong suggests a broader crypto index reserve could be a better approach.
MicroStrategy Chairman Michael Saylor calls it a win for the whole sector, predicting Bitcoin’s market cap to go from $2 trillion to $200 trillion.
Economist Peter Schiff says XRP is a bad choice, but a Bitcoin reserve makes sense.
Veteran trader Peter Brandt says adding altcoins undermines the whole initiative, “Trump loses credibility in my mind by including altcoins in the reserve.”
Some see this as a big moment for crypto legitimacy, others think it will dilute Bitcoin’s status as the store of value.
JUST IN: Bitwise Criticizes US Crypto Reserve for Including XRP, Sol, Ada
— Crypto Chiefs News (@CryptoChiefNews) March 5, 2025
Crypto Summit to Shape Policy Discussions
To address industry concerns the White House has scheduled its first-ever crypto summit on March 7.
Hosted by: David Sacks, White House AI and Crypto Czar.
Attendees: Michael Saylor, Ripple CEO Brad Garlinghouse and other industry leaders.
Topics: Regulatory frameworks, digital assets in the U.S., Bitcoin vs altcoins in national reserves.
As the U.S. government moves forward with its crypto strategy, the debate over Bitcoin’s role as the primary reserve asset versus a diversified digital reserve will likely continue.
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