Michael Saylor Says XRP and Cardano Inclusion By Trump Is Bullish For Bitcoin

Michael Saylor, chairman of MicroStrategy and a well-known Bitcoin advocate, has expressed support for the inclusion of XRP and Cardano in the proposed U.S. national crypto reserve. His stance marks a departure from his previous views, where he maintained that Bitcoin was the only asset suitable for national adoption.

In a recent interview with CNBC, Saylor described the addition of multiple digital assets to the reserve as a positive development for Bitcoin and the broader U.S. crypto industry.

While he has consistently argued that Bitcoin stands alone in the cryptocurrency market, he acknowledges that a diversified reserve could signal stronger governmental support for digital assets, ultimately benefiting Bitcoin’s long-term adoption.

Michael Saylor says that adding adding other tokens like XRP Solana Carano to the US strategic crypto fund, is bullish for bitcoin and is bullish for the entire US crypto industry 🏁🇺🇸 pic.twitter.com/YA8muYNrvG

— 𝗕𝗮𝗻𝗸XRP (@BankXRP) March 3, 2025

Shift in Saylor’s Position on XRP and Cardano

Earlier this week, President Donald Trump announced that the U.S. crypto reserve, previously focused solely on Bitcoin, would be expanded to include Ethereum, XRP, Solana, and Cardano. This confirmation ended speculation about the government’s approach to digital asset reserves and emphasized a more inclusive strategy.

Saylor responded to the announcement by highlighting its broader economic significance. He suggested that Trump’s decision reflected a favorable regulatory environment for digital assets in the United States, which he estimated could unlock a $100 trillion market opportunity.

His endorsement of a multi-asset reserve contrasts with his previous criticisms of altcoins, particularly XRP, which he had previously labeled an “unregistered security.” He had also previously praised the U.S. Securities and Exchange Commission (SEC) for its regulatory actions against XRP and other non-Bitcoin cryptocurrencies.

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While his comments suggest a reconsideration of XRP’s role in the U.S. crypto market, it remains unclear whether this shift represents a fundamental change in his views or a strategic recognition of the evolving regulatory landscape.

Industry Reactions and Concerns Over Centralization

Despite the market optimism that followed the announcement, several industry leaders have expressed concerns about including altcoins in the national reserve.

Critics argue that Bitcoin’s decentralized nature makes it the only suitable choice, while assets like XRP, Solana, and Cardano are issued by known entities, making them lack the same level of decentralization.

Tyler Winklevoss, co-founder of Gemini, publicly questioned the suitability of altcoins for a strategic reserve, asserting that Bitcoin remains the only viable option for such an initiative.

Likewise, Bitcoin skeptic Peter Schiff, despite acknowledging Bitcoin’s role as “digital gold,” raised doubts about the inclusion of XRP, citing concerns over its centralized control.

Meanwhile, Charles Hoskinson, the founder of Cardano, has responded to the criticism, defending the inclusion of his platform in the reserve. His comments reflect the ongoing debate over whether a national crypto reserve should consist of multiple assets or remain Bitcoin-exclusive.

The U.S. government’s decision to diversify its crypto holdings will shape future regulatory policies and market dynamics. Whether this move strengthens Bitcoin’s position or fuels ongoing disputes over decentralization, XRP and Cardano inclusion marks a significant shift in the U.S. approach to digital assets.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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