Samson Mow Advocates for Bitcoin-Only U.S. Crypto Reserves, Criticizes XRP

Samson Mow's Stance on U.S. Crypto Reserves

Samson Mow, a well-known Bitcoin maximalist and CEO of JAN3, has strongly argued that any future U.S. government cryptocurrency reserves should consist solely of Bitcoin. He opposes the inclusion of any other cryptocurrencies, particularly criticizing XRP and Ripple.

Mow emphasized that adding altcoins like XRP to the reserves would essentially allocate taxpayer funds to companies and individuals who "printed their own tokens out of thin air." He singled out Ripple, pointing out that its founders created 100 billion XRP tokens with minimal effort.

Criticism of Ripple and XRP

Mow has been vocal on social media, amplifying reasons to "hate" Ripple and XRP. He argued that critics of XRP do not go far enough in their condemnation, stating there are "way more reasons" to oppose the cryptocurrency. His comments align with his broader view that altcoins, or "s-coins," lack the value and integrity of Bitcoin.

Industry Reactions

Cardano founder Charles Hoskinson recently echoed Mow's stance, suggesting that only Bitcoin would be included in a U.S. strategic crypto reserve. However, Hoskinson did not criticize Ripple or XRP directly, despite his company's collaboration with Ripple on the RLUSD stablecoin.

Mow's arguments reflect a growing debate in the crypto community about the role of Bitcoin versus altcoins in institutional and governmental holdings. His position underscores the divisive nature of cryptocurrency preferences and the ongoing competition for dominance in the digital asset space.