Hot Debate: Are Solana, Cardano, and XRP Suitable for Crypto Strategic Reserves?

Jakarta, Pintu News – Tyler Winklevoss, co-founder of Gemini, recently expressed his opinion regarding the use of altcoins such as Solana (SOL), Cardano (ADA), and Ripple (XRP) in strategic crypto reserves in the United States.

While recognizing the legitimacy of such altcoins as traded assets on Gemini, Winklevoss emphasizes that only Bitcoin (BTC) meets the criteria as a strategic reserve asset.

According to him, the assets in the reserve should be hard money that is a proven store of value, similar to gold.

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The Case of Bitcoin (BTC) Compared to Ripple (XRP) and Cardano (ADA)

Reporting from Coingape, Winklevoss argues that Bitcoin (BTC) is the only digital asset that currently meets the standards as a strategic reserve.

He added that while altcoins such as Solana (SOL), Cardano (ADA), and Ripple (XRP) meet the strict criteria for listing on the Gemini platform, the bar for strategic reserves is much higher. The assets chosen must have a solid track record as a trusted store of value.

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Arguments in Favor of Ripple (XRP), Cardano (ADA), and Solana (SOL)

On the other hand, some industry leaders support the inclusion of altcoins in national crypto reserves. Charles Hoskinson, founder of Cardano, argues that Ripple (XRP) is an amazing technology and has survived through many difficult cycles over the past decade.

Hoskinson thinks adding Ripple (XRP) and other altcoins to the reserve was right given the large community and stable technological support.

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Altcoin ETFs and Catalysts to Watch Out For

While discussions regarding crypto reserves for altcoins are ongoing, many assets await the approval of exchange-traded funds (ETF) products tied to their prices.

Asset management firms like Bitwise and 21Shares are pushing for ETF products related to Ripple (XRP), Litecoin (LTC), Dogecoin (DOGE), Cardano (ADA), and Solana (SOL).

Senior ETF analysts from Bloomberg, Eric Balchunas and James Seyffart, have issued approval odds for each asset, with the Litecoin (LTC) ETF having the highest odds of 90%, while the Ripple (XRP) ETF is given odds of 65%.

Conclusion

The debate over the asset composition for strategic crypto reserves shows significant differences of opinion among industry leaders. While Bitcoin (BTC) remains the top choice, strong arguments are also being made for the inclusion of altcoins such as Ripple (XRP), Cardano (ADA), and Solana (SOL). The final decision will largely depend on further evaluating each asset’s potential and stability as a store of value.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Gemini Founder Slams Sol, Cardano, XRP in Strategic Reserve. Accessed on March 5, 2025
• Featured Image: Modern Consensus