Poll Shows Majority Favor Bitcoin-Only U.S. Strategic Crypto Reserve

Poll Results Highlight Bitcoin Dominance

Internet entrepreneur Vinny Lingham recently conducted a poll on his X platform to gauge opinions on whether the U.S. government should include top altcoins like XRP, ETH, and SOL in a potential Strategic Crypto Reserve. The results showed overwhelming support for Bitcoin-only inclusion, with 62% of voters favoring "Bitcoin only," while 38.1% supported adding other cryptocurrencies. Nearly 1,000 users participated in the poll.

Strategic Crypto Reserve Proposal Gains Momentum

The idea of creating a Strategic Bitcoin Reserve for the U.S. government was first introduced by pro-crypto Senator Cynthia Lummis last summer. The proposal suggests the government purchase 200,000 BTC annually over five years. Donald Trump, who accepted crypto donations during his campaign, recently signed an executive order to form a taskforce exploring the feasibility of such a reserve.

Debates Over Crypto Reserve Composition Intensify

The potential inclusion of altcoins in the reserve has sparked heated discussions. Ripple CEO Brad Garlinghouse opposes a Bitcoin-only approach, arguing that the entire crypto industry should benefit. He emphasized collaboration over competition. Meanwhile, Bitcoin supporters have criticized Ripple's lobbying efforts to include XRP in the reserve.

Bitcoin Sees Price Recovery

In recent market movements, Bitcoin has rebounded by 2.51% over the past 24 hours, trading at the $102,000 level. This price movement underscores Bitcoin's continued dominance in the cryptocurrency space.

The debate over the composition of a U.S. Strategic Crypto Reserve highlights the growing intersection of cryptocurrency and government policy, with stakeholders on both sides advocating for their preferred approach.