Key Takeaways:
- Ripple CEO Brad Garlinghouse advocates for a diverse U.S. digital asset reserve representing multiple cryptocurrencies, not just Bitcoin or XRP.
- Polymarket estimates only a 17% chance of Trump initiating a digital asset reserve in his first 100 days as president.
- Garlinghouse opposes Bitcoin maximalism, promoting a multichain approach for the industry’s growth.
Ripple CEO Brad Garlinghouse has called for the U.S. to establish a digital asset reserve that represents a diverse range of cryptocurrencies rather than focusing on a single token like Bitcoin (BTC) or Ripple’s XRP.
Emphasizing the importance of a multichain approach, Garlinghouse criticized Bitcoin maximalism and advocated for a level playing field that acknowledges the broader cryptocurrency ecosystem.
Some thoughts on maximalism… let me say this as clearly as I can – the crypto industry has a real shot, here and now, to achieve the many goals we have in common, IF we work together instead of tearing each other down. This is not, and never will be, a zero-sum game.
— Brad Garlinghouse (@bgarlinghouse) January 27, 2025
• I own…
He highlighted his personal investments in BTC, XRP, and Ethereum (ETH) as a testament to the necessity of embracing multiple assets.
His comments follow recent discussions about a national digital asset stockpile, an idea supported by U.S. President Donald Trump during his campaign.
However, the likelihood of Trump authorizing such an initiative within his first 100 days as president is estimated to be just 17%, according to the decentralized betting platform Polymarket.
The crypto community largely anticipates Bitcoin to play a central role in any reserve, given its market dominance and institutional adoption.
However, Garlinghouse argued that prioritizing Bitcoin alone could hinder the progress of the cryptocurrency industry.
Ripple, known for using XRP in cross-border payments, sees this as an opportunity to promote diversity in digital asset adoption at a national level, aligning with Garlinghouse’s broader vision for an inclusive and equitable crypto landscape.