Based on available reports, Cameron Winklevoss, co-founder of the Gemini crypto exchange, is urging nations to stockpile Bitcoin, comparing it to essential commodities like gold, oil and rare earth minerals. He says delaying will mean higher costs and less geopolitical power, cementing Bitcoin’s position as a financial and strategic asset.
Bitcoin as a National Security Asset
In a post on X (formerly Twitter) on Monday, Winklevoss said the idea of a Strategic Bitcoin Reserve (SBR) is not optional but necessary for countries to be economically resilient.
“A Strategic Bitcoin Reserve is really not a choice if you look at game theory and national security implications. It’s a must. Like rare earth minerals, gold, oil etc., any country needs to stockpile these resources to increase self sufficiency and reduce leverage of its adversaries,” Winklevoss said.
He’s saying if you don’t get Bitcoin now you’ll be at a disadvantage in a world where decentralized digital assets are playing a big role.
The Cost of Waiting for Bitcoin Reserves
Winklevoss also warned against waiting, saying the sooner you stockpile the better.
“Stockpiling sooner rather than later and before others is much better in terms of the price you pay. This is simple stuff,” he added.
This is in line with the deflationary nature of BTC where as demand increases the price goes up. Countries that wait will pay a much higher price in the future and reduce their financial sovereignty.
Industry Leaders Back a Bitcoin Reserve
Winklevoss isn’t alone in this. He’s following Coinbase CEO Brian Armstrong who recently proposed the US should have a national digital asset reserve focused on Bitcoin.
Armstrong reportedly called Bitcoin the “most reliable store of value” comparing it to gold in its ability to hedge against inflation and monetary debasement. While US President Donald Trump suggested including altcoins like Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) in a national reserve, Armstrong advocated for a BTC only approach.
“If you want to include multiple assets a market capitalization weighted index could be used,”
Armstrong said, but still thinks Bitcoin should be the main asset in the reserve.
Debate Over Altcoins in a National Crypto Reserve
The discussion over what is a strategic reserve asset is causing debate. Tyler Winklevoss, Cameron’s twin brother and Gemini co-founder, said Cardano (ADA) doesn’t meet the criteria of a strategic reserve asset. But he does think it should be listed on Gemini.
Long time Bitcoin skeptic Peter Schiff also questioned the inclusion of altcoins like XRP, saying they don’t have a long term value proposition compared to Bitcoin.
Charles Hoskinson, Cardano’s co-founder, defended XRP’s inclusion saying its resilience and strong community make it a candidate for a national crypto reserve.
“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 said.
Conclusion: White House Crypto Policy Announcement Soon
Discussion around a U.S. crypto reserve is about to get formal as David Sacks, White House AI and Crypto Czar, reportedly said more details will be unveiled at the White House Crypto Summit on March 7. The summit will cover regulatory frameworks, Bitcoin and altcoins in national security and digital asset adoption at state level.
Cameron Winklevoss’ call for nations to stockpile BTC is the recognition of digital assets as a tool for economic power. With financial sovereignty and geopolitical leverage at stake, countries that act fast to build Bitcoin reserves could get a big advantage in the future global economy. As the debate around national digital reserves heats up, the White House Crypto Summit could be the pivot point in U.S. crypto policy and Bitcoin as a national asset.
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FAQs
1. Why does Cameron Winklevoss believe nations should stockpile Bitcoin?
Winklevoss says BTC like gold and rare earth minerals is a strategic asset that gives a nation financial sovereignty and geopolitical strength.
2. What is a Strategic Bitcoin Reserve (SBR)?
A Strategic Bitcoin Reserve is accumulation of Bitcoin by national governments as part of their financial and economic defense strategy, same as gold reserves.
3. What are the risks of delaying Bitcoin accumulation?
Delayed BTC accumulation will mean higher acquisition cost as demand increases and supply is limited, reducing a nation’s purchasing power and financial security.
4. How does BTC compare to gold as a reserve asset?
BTC shares properties with gold like scarcity and inflation resistance. But it has additional advantages like borderless transferability and decentralized control.
5. What will the White House Crypto Summit discuss?
The summit will cover formation of a national digital reserve, Bitcoin in U.S. policy and regulations for crypto adoption.
Glossary
Strategic Bitcoin Reserve (SBR): national reserve of Bitcoin for financial stability and geopolitical leverage.
Market Cap Index: Assets weighted by total market size.
Financial Sovereignty: A nation’s ability to control its financial resources without external dependence.
Altcoins: Any cryptocurrency not BTC, e.g. Ethereum, XRP, Cardano.
Monetary Debasement: Decline of currency value due to too much money or inflation.
References
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