Coinbase CEO Brian Armstrong commented on US President Donald Trump's recent plan to establish a crypto reserve. The plan, announced on Sunday (yesterday), proposes including bitcoin, ether, SOL, XRP, and ADA in a "Crypto Strategic Reserve."

Trump's social media announcements about crypto reserves triggered a rally in the crypto market on Sunday. However, XRPUSD is undergoing a bearish correction on the H1 chart today. The cryptocurrency appears to be forming a double bottom at a flipped support level, where buyers could enter long positions and potentially drive the price higher.

Coinbase CEO Favors Bitcoin in Reserve

Armstrong suggested that limiting the reserve to bitcoin would be the simplest approach, The Block reported.

"Just Bitcoin would probably be the best option — simplest, and clear story as successor to gold," Armstrong wrote in an X post, adding that he was still forming an opinion on asset allocation.

He added: "If folks wanted more variety, you could do a market cap-weighted index of crypto assets to keep it unbiased. But probably option #1 is easiest"

Crypto Reserve Faces Uncertainty in Implementation

BitMEX co-founder Arthur Hayes expressed skepticism about the proposal. He argued that the announcement is "just words" without congressional approval or funding to purchase digital assets.

Trump's announcement signals ongoing discussions around digital assets in the US. However, the plan's implementation remains uncertain.