In a recent announcement on Truth Social, President Donald Trump proposed a crypto plan that would create a strategic reserve comprising XRP, Solana, Cardano, Bitcoin, and Ethereum. This caused a significant upswing in the crypto market after a recent dip following a theft on Bybit. Some crypto proponents expressed disapproval, arguing for a Bitcoin-only approach. Bitwise CEO Hunter Horsley suggested that the reserve should only include Bitcoin, as it is the undisputed store of value. Coinbase CEO Brian Armstrong agreed, stating that a market cap weighted index of cryptos could be used if more variety was needed. However, he also acknowledged that a Bitcoin-only approach would be the easiest. Altcoin inclusion drew comparisons to tech stocks, with some suggesting that if altcoins were included, the US might as well buy tech stocks. Despite division, Trump's announcement was celebrated by supporters, and the market responded positively, with increases in prices for Bitcoin, Ethereum, Cardano, XRP, and Solana.



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