Gemini: Bitcoin is the only asset that meets the value reserve asset criteria "
According to online reports, Gemini co-founder Cameron Winklevoss posted on social media that he was excited about the cryptocurrency strategic reserve plan, but was surprised by the digital assets under consideration. Bitcoin is the only asset that meets the value reserve asset criterion, and perhaps Ethereum does. Digital gold and digital oil. This is similar to U.S. physical reserves (such as Kentucky's treasury, the Federal Reserve Bank of New York, etc.) and oil (strategic petroleum reserves). Other assets may also meet this standard in the future, but this is a very high threshold. That being said, if the government obtains other digital assets (e.g., XRP, ADA, or SOL) through seizure, confiscation, etc., I think this type of storage is acceptable, which is quite different from actively acquiring these assets on the open market.
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