Samson Mow has raised concerns over Donald Trump’s proposal for a U.S. Strategic Crypto Reserve, which could include assets like $BTC, $ETH, $XRP, $SOL, and $ADA. Mow argues that including altcoins in the reserve would lead to speculation, market manipulation, and instability. He believes the U.S. should focus solely on proof-of-work assets like Bitcoin, Litecoin, and Monero, citing their security and decentralization.
According to Mow, diversifying the reserve with altcoins would undermine Bitcoin’s role as the dominant digital asset. He warns that such a move could result in “unprecedented degradation” of U.S. financial stability.
While some see a multi-crypto reserve as a step toward innovation, Bitcoin maximalists insist that only Bitcoin should be considered. The debate over the reserve’s composition continues, with both sides weighing its potential impact. Show Less