Cameron Winklevoss urges nations to stockpile Bitcoin before it’s too late

Gemini crypto exchange co-founder Cameron Winklevoss says a strategic Bitcoin reserve is a must, not a choice, and that nations delaying Bitcoin stockpiling will face higher costs, diminished geopolitical influence, and a major loss of financial sovereignty.

While I don’t think ADA is suitable for a Strategic Reserve, I do think it is viable for listing on @Gemini. We will look into this. https://t.co/HOEO19SbMg

— Tyler Winklevoss (@tyler) March 3, 2025

The crypto entrepreneur warned that nations should move quickly to accumulate Bitcoin.

Following Coinbase CEO Brian Armstrong and several other industry leaders, Gemini’s co-founder is the latest figure to voice support for a Bitcoin-focused reserve.

Armstrong on Sunday suggested that a national digital asset reserve focused solely on Bitcoin would be the best option. The CEO of Coinbase pointed out that Bitcoin is the most reliable store of value, viewing it as a successor to gold.

In response to President Trump’s proposal to include altcoins like Ethereum, XRP, Solana, and Cardano in the reserve, Armstrong proposed using a market capitalization-weighted index of crypto assets if variety is desired. Yet, he asserted that focusing solely on Bitcoin would be the most straightforward choice.

According to Tyler Winklevoss, ADA does not qualify as a strategic reserve. He added that the coin is viable for listing on Gemini.

Peter Schiff, a long-time Bitcoin critic, questioned the rationale behind including XRP and other digital assets in the reserve beyond Bitcoin.

David Sacks, the White House AI and crypto czar, said additional details about the proposed crypto reserve will be revealed at the first White House Crypto Summit on March 7.