Michael Saylor, co-founder of Strategy, a strong Bitcoin advocate, has expressed support for a multi-token cryptocurrency reserve that includes XRP. This endorsement is seen as bullish for Bitcoin and the broader cryptocurrency industry. Saylor previously rejected investing in altcoins but now sees a progressive approach as the best way forward. However, the announcement of the multi-token reserve, which includes XRP, has faced criticism and backlash from figures in the crypto community, who argue that it distracts from more important priorities such as stablecoin and market structure legislation.



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