The post Michael Saylor Shuts Down XRP! Says Only Bitcoin Deserves U.S. Crypto Reserve Spot! appeared first on Coinpedia Fintech News
MicroStrategy’s big boss, Michael Saylor is strongly supporting Bitcoin as the main asset for a U.S. crypto reserve. As he heads to the White House Crypto Summit, he stands firm on Bitcoin’s dominance, calling it the safest bet. Meanwhile, he questions XRP’s role, saying it needs strict regulation.
Bitcoin is the Only Reserve, While XRP Is A Token!
Ahead of the White House Crypto Summit, Michael Saylor has doubled down on his stance that Bitcoin is the strongest and most trusted digital asset. He pointed out that most investors agree on Bitcoin, and it holds the majority of the market’s money and energy, making it the best choice for a U.S. strategic reserve.
Meanwhile, in a recent Fox Business interview, Saylor addressed concerns about XRP’s connection to Ripple. He stated that XRP and other altcoins are tokens that need clear regulations. “There should be a proper framework for their issuance,” he said.
When asked if XRP and Solana should be part of the U.S. reserves, Saylor firmly stated that Bitcoin should be the only digital asset included.
Debate Over the Crypto Reserve
The idea of a U.S. crypto reserve has sparked debate over which assets should be included. Initially, Trump mentioned that XRP, Solana, and Cardano would be part of it. However, after receiving criticism, he later clarified that Bitcoin and Ethereum would be the main assets in the reserve.
Saylor, however, believes Bitcoin should be the priority. He stated that assets like XRP are linked to companies and should be regulated separately. According to him, a national reserve should be built on Bitcoin since it is independent and not controlled by any single entity.
Why Bitcoin as the Best Choice?
Saylor sees Bitcoin as a key opportunity for the U.S. He compared it to owning valuable property in cyberspace and warned that countries like China and Russia are also moving towards digital assets. By acting early, the U.S. can strengthen its financial position and maintain its global leadership.
At the summit, Saylor plans to urge the government to first establish clear rules for digital assets. He believes that once proper regulations are in place, the U.S. should start accumulating Bitcoin in a careful and transparent manner.