Former President Donald Trump’s proposal to establish a U.S. crypto reserve has ignited a heated debate within the cryptocurrency community. The plan, which aims to include various cryptocurrencies in the U.S. reserve, has drawn sharp criticism from Bitcoin (BTC) advocates who argue that only Bitcoin should be included. The proposal, part of Trump’s broader push to bolster the U.S. economy through blockchain technology, has drawn attention to which assets should make up the reserve. Some experts believe that altcoins such as Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) could be included, but others are strongly opposed.

Baxter Calls for Bitcoin-Only Reserve

One of the most vocal critics of including altcoins is Will Baxter, Vice President at Braiins Mining. Baxter argues that Bitcoin is the only cryptocurrency truly suited for a national reserve due to its decentralized nature. Unlike many altcoins, which are controlled by foundations or companies, Bitcoin operates independently. Baxter also highlights the issue of pre-mined supply in many altcoins, such as Ethereum and XRP, which he claims gives insiders an unfair advantage. He stresses that Bitcoin’s fixed supply and proven security make it a safer and more stable asset for the reserve. Furthermore, Baxter points out the security vulnerabilities in altcoins, referencing Ethereum’s history of hacks and the need for a rollback of its blockchain during the DAO hack.

The debate continues to unfold, with proponents of altcoins arguing for a diversified reserve, while Bitcoin advocates call for a more conservative, Bitcoin-only approach. As discussions progress, the future of Trump’s crypto reserve plan remains uncertain.