Coinbase CEO Brian Armstrong favors just Bitcoin as ‘best option’ for US crypto reserve

Coinbase CEO Brian Armstrong has weighed in on U.S. President Donald Trump's Sunday crypto reserve announcement, suggesting that including only Bitcoin in the proposed reserve would be the best option."Just Bitcoin would probably be the best option — simplest, and clear story as successor to gold," Armstrong wrote in an X post on Sunday night ET, adding that he was still forming an opinion on asset allocation. "If folks wanted more variety, you could do a market cap-weighted index of crypto assets to keep it unbiased. But probably option #1 is easiest."The Coinbase leader's comment came after Trump said on social media on Sunday that his planned "Crypto Strategic Reserve" will include bitcoin and ether and that he has directed his crypto working group to “move forward” on a reserve consisting of SOL, XRP and ADA.However, co-founder and former CEO of BitMEX, Arthur Hayes, argued that there's "nothing new" in Trump's crypto reserve announcement. "Nothing new here. Just words. [Let me know] when they get congressional approval to borrow money and or revalue the gold price higher. Without that, they have no money to buy bitcoin and shitcoins," Hayes wrote on X.Trump's social media announcements about crypto reserves have sparked a rally in the crypto market, with Bitcoin surging over 8% and Ether up 11% in the past 24 hours. XRP rose by 31%, Solana by 20%, and Cardano by 68% at the time of writing, according to The Block's price page."Chill guys. No need to overanalyze," Changpeng Zhao, founder of crypto exchange Binance, wrote on X, attaching a screenshot of Trump's post. "More 'valuable crypto' are likely to be added over time. More countries will follow. It's a fantastic start of something really good. Be happy. Keep building."Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.