March 05, 2025
By Anjali Kochhar
Cameron Winklevoss, co-founder of the Gemini crypto exchange, has warned that nations must start accumulating Bitcoin as a strategic reserve asset before it becomes too expensive. He emphasised that Bitcoin stockpiling is no longer optional but a necessity for maintaining financial sovereignty and geopolitical influence.
In a post on X (formerly Twitter) on Monday, Winklevoss compared Bitcoin to gold, oil, and rare earth minerals, arguing that governments must accumulate it to strengthen self-sufficiency and reduce economic leverage from adversaries.“A Strategic Bitcoin Reserve is really not a choice if you look at the game theory and national security ramifications. It’s a must,” he wrote.
He also warned that nations delaying Bitcoin accumulation will face rising costs as more countries rush to acquire it, increasing its price.”Stockpiling sooner rather than later and before other countries is much better in terms of the price you pay. This is simple stuff,” he added.
Winklevoss’ comments follow Coinbase CEO Brian Armstrong’s call for the U.S. to establish a national digital asset reserve primarily focused on Bitcoin. Armstrong described Bitcoin as the most reliable store of value, calling it the modern successor to gold.
However, former President Donald Trump has proposed a more diverse crypto reserve, including Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). Armstrong countered that if variety was needed, a market capitalisation-weighted index of cryptocurrencies could be considered, but Bitcoin should remain the primary reserve asset.
The idea of a multi-crypto reserve has sparked debate. Tyler Winklevoss dismissed Cardano (ADA) as a strategic reserve asset, though he acknowledged it as viable for Gemini’s exchange listings.
Meanwhile, Bitcoin critic Peter Schiff questioned the rationale for including altcoins in a national reserve. Cardano co-founder Charles Hoskinson defended XRP’s inclusion, calling it a global standard with one of the strongest communities.
“Because XRP is great technology, a global standard, survived for a decade through many harsh cycles, and has one of the strongest communities. I think the president made the right decision,” Hoskinson stated.
David Sacks, White House AI and crypto czar, confirmed that details about the U.S. crypto reserve will be revealed at the first White House Crypto Summit on March 7. The summit will address how digital assets will shape financial security and economic policies.
With growing interest in Bitcoin as a national reserve asset, the world is watching to see which countries act first and which risk being left behind.
About the author
Anjali Kochhar covers cryptocurrency and blockchain stories in India as well as globally. Having been in the field of media and journalism for over four years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.
