Home Bitcoin News Ripple CEO Pushes for Multi-Token Reserve, Rejects Bitcoin-Only Proposal

Ripple CEO Pushes for Multi-Token Reserve, Rejects Bitcoin-Only Proposal

Bitcoin maximalism

Ripple CEO Brad Garlinghouse has taken a firm stand against the idea of a Bitcoin-only strategic reserve, arguing that a multi-token reserve would better represent the cryptocurrency industry. His comments have reignited debates about Bitcoin maximalism and the future of digital asset reserves.

A Call for Diversity in Crypto Reserves

In a public statement, Garlinghouse highlighted his belief in a multichain world, emphasizing the importance of diversity within a digital asset reserve. “I own XRP, BTC, and ETH among a handful of others. We live in a multichain world, and I’ve always advocated for a level-playing field, instead of one token versus another,” Garlinghouse stated.

The Ripple-affiliated executive suggested that XRP, along with other cryptocurrencies, should be included in any potential reserve to ensure it reflects the broader digital asset ecosystem.

This comes amid growing discussions about the U.S. government potentially creating a Bitcoin reserve. The concept has drives both support and criticism within the crypto community, with proponents seeing Bitcoin as a reliable reserve asset and critics calling for a more inclusive approach.

Ripple’s Position on Bitcoin Maximalism

Garlinghouse’s comments underline Ripple’s broader stance against Bitcoin maximalism—the belief that Bitcoin should dominate the crypto space to the exclusion of other tokens. According to Garlinghouse, maximalism stifles innovation and progress in the industry.

“Maximalism is the enemy of crypto progress,” he said, pointing to the need for collaboration among different blockchain networks.

However, this position has drawn criticism from Bitcoin advocates, some of whom accuse Ripple of undermining Bitcoin’s position in the industry.

Industry Reactions and Tensions

The pushback from Bitcoin proponents has been swift. Pierre Rochard, VP of research at Riot Platforms, dismissed Ripple as a “failed company” that is “begging for a bailout.” Michael Goldstein, president of the Satoshi Nakamoto Institute, accused Ripple of running propaganda campaigns to diminish Bitcoin’s reputation.

Meanwhile, the long-standing feud between Bitcoin and XRP supporters has intensified. Ripple’s alleged lobbying against a Bitcoin reserve has further fueled tensions, with some accusing the company of hindering efforts to establish Bitcoin as a national reserve asset.

Despite these criticisms, Garlinghouse maintains that inclusivity is key to the crypto industry’s growth, advocating for a reserve that encompasses a range of tokens rather than focusing solely on Bitcoin.

The Future of a U.S. Bitcoin Reserve

Discussions about a potential Bitcoin reserve have gained momentum under President Donald Trump’s administration. With odds of the U.S. government creating a Bitcoin reserve in 2025 currently standing at 55%, the proposal remains a hot topic.

Supporters argue that Bitcoin’s limited supply and growing adoption make it an ideal candidate for a national reserve asset. However, critics like Garlinghouse believe that focusing exclusively on Bitcoin ignores the broader potential of the cryptocurrency market.

The debate over a Bitcoin-only reserve versus a multi-token approach highlights the challenges of creating a strategy that balances innovation, inclusivity, and practicality in the evolving digital asset landscape.

A Divided Industry

As discussions about a national Bitcoin reserve continue, the divide between Bitcoin maximalists and advocates for a multi-token future is becoming more pronounced. Ripple’s call for a diverse reserve could pave the way for a broader conversation about the role of various cryptocurrencies in shaping the future of finance.

For now, Garlinghouse’s opposition to a Bitcoin-only reserve underscores the growing demand for a more inclusive approach to digital asset management. Whether or not the U.S. adopts a Bitcoin reserve, the debate will likely influence the trajectory of the crypto industry for years to come.

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Sakamoto Nashi

Nashi Sakamoto, a dedicated crypto journalist from the Virgin Islands, brings expert analysis and insight into the ever-evolving world of cryptocurrencies and blockchain technology. Appreciate the work? Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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