Internet entrepreneur Vinny Lingham decided to seek his X followers’ opinion as to what cryptocurrencies should the potential US strategic crypto reserve include – only Bitcoin or anything else from the top-10 altcoin list.
For this reason, Lingham initiated a poll on his personal X page. Here’s what the results showed.
Bitcoin chosen by majority
In particular, Lingham asked his followers about three top altcoins – XRP, ETH, and SOL: “Should the government include XRP, ETH and SOL in the Digital Asset Reserve?”
Almost 62% of the voters chose the “Bitcoin only” option, while 38.1% went for the “Yes, let’s FAFO” one. Slightly less than 1,000 X users have taken part in the voting so far.
Should the government include XRP, ETH and SOL in the Digital Asset Reserve?
— Vinny Lingham (@VinnyLingham) January 29, 2025
The idea to create a Strategic Bitcoin Reserve by the US government was first proposed last summer by the pro-crypto Senator Cynthia Lummis. Donald Trump supported that idea during his election campaign, where he accepted donations in various cryptocurrencies, not only Bitcoin, and meme coins as well. The senator’s proposal suggested that the US government would be buying 200,000 BTC every year within the next five years.
Debates over future crypto reserve contents
As he took office this month, Trump signed an executive order to form a taskforce which would research the issue of whether it makes sense for the US to create such a digital asset reserve. Meanwhile, heated debates began to emerge on the X platform as to whether other cryptocurrencies should be included into this potential crypto stash to be held by the US government.
Ripple CEO Brad Garlinghouse has opposed the idea of adding only Bitcoin to it, saying that crypto tribalism will not stand and that the whole crypto industry should benefit from this reserve, not only BTC. He also suggested that crypto communities and companies should collaborate and not tear each other down.
Rumors have emerged that Ripple has been lobbying the creation of an only Bitcoin reserve and Garlinghouse has admitted that he had a meeting with the US president to discuss that issue.
Many Bitcoiners have been slamming Ripple and the XRP token affiliated with it over Ripple’s attempts to get the token included into the digital asset reserve.
Over the past 24 hours, the world’s largest cryptocurrency Bitcoin has recovered by 2.51% and is now changing hands at the $102,000 level.
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