- Bitcoin maximalists criticize Trump for adding altcoins to the U.S. Crypto Reserve plan.
- Pompliano and Winklevoss argue only Bitcoin qualifies as a secure reserve asset.
- Altcoin supporters, including Ripple’s CEO, back Trump’s broader crypto inclusion strategy.
Donald Trump’s latest crypto announcement has triggered a major debate. On Sunday, he confirmed that the U.S. Crypto Reserve would include Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) alongside Bitcoin (BTC). Many Bitcoin maximalists, or “maxis,” believe only Bitcoin should be in the reserve. They argue that BTC is the only true decentralized and scarce digital asset.
Prominent figures within crypto space immediately reacted after the recent decision. The Bitcoin advocate Anthony Pompliano strongly criticized the decision. He stated through his newsletter that Bitcoin’s limited amount and its power-dependent security measures make it the only proper reserve asset choice. He warned that adding altcoins would benefit insiders at the taxpayer’s expense.
Billionaire twins Tyler and Cameron Winklevoss, who own Gemini Exchange, also disagreed with Trump’s decision. Tyler stated that a strategic reserve should hold only “hard money” like Bitcoin and gold. He argued that altcoins are speculative and lack Bitcoin’s proven store-of-value status.
Even Coinbase CEO Brian Armstrong hesitated to endorse the move. He admitted that he was still considering the implications but suggested that Bitcoin alone might be the safest option for the reserve.
The concerns stem from fundamental differences between Bitcoin and altcoins. Bitcoin maximalists argue that BTC is the most decentralized, secure, and censorship-resistant cryptocurrency. Meanwhile, altcoins have higher volatility and greater ownership concentration. Some have suffered steep price declines in past market cycles. Solana lost 96% of its value between Sept 2021 and Sept 2023, while Cardano and XRP experienced similar crashes.
Related: Trump’s Crypto Reserve Sparks Huge SOL, XRP, TRUMP Transfers
Despite the criticism, Trump’s decision found strong support from altcoin advocates. Ripple CEO Brad Garlinghouse praised the move, stating that crypto maximalism harms industry growth. Some altcoin supporters have met with Trump’s advisors to push for their assets’ inclusion. Proponents of XRP, for example, have engaged with the administration to advocate for its adoption.
The debate reveals deep divisions within the crypto community. Some argue that government involvement could lead to favoritism toward specific assets. Others believe the reserve should include only the strongest and most decentralized cryptocurrencies. The battle over which cryptocurrencies to include is an ongoing debate.
