President Donald Trump took the cryptocurrency world by surprise Sunday, announcing a strategic reserve comprising of top coins such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
As the market came to terms with the significant development, influential industry figures proposed suggestions and assessed the chances of its implementation.
What happened: Brian Armstrong, CEO of cryptocurrency exchange Coinbase, believed having just Bitcoin in the reserve would be the “best option,” calling the asset a successor to gold.
Alternatively, Armstrong proposed that to maintain variety, a market capitalization-weighted mix of cryptocurrency assets could be used to keep the reserve “unbiased.”
Excited to learn more. Still forming an opinion on asset allocation, but my current thinking is:1. Just Bitcoin would probably be the best option – simplest, and clear story as successor to gold2. If folks wanted more …Full story available on Benzinga.com
