Bitcoiner is furious over Donald Trump’s crypto strategy sanctuary, calling it the “Sea*coin sanctuary” after the president announced that XRP, Solana (SOL) and Cardano (ADA) will be included along with Bitcoin and Etherum.
Jan3 CEO Samson Mow posted on X, while Bitcoin posted, “But it’s a sad day for America if they’re actually doing shit on the nation-state level.”
“I can’t really say I was surprised because Trump launched Memocoin. Hypercytocoinization awaits,” he added.
Mow also criticised the selection of assets within the reserve, claiming it was designed to enrich certain projects rather than serve the country’s purpose.
“Adding XRP to a digital asset reserve is arranging Ripple Corp pockets with additional steps. Adding Ethereum to a digital asset reserve is arranging Butaline pockets with additional steps. Adding Solana to a digital asset reserve is arranging Sacks pockets with additional steps. And so on.”
Gold’s supporter Peter Schiff also suffered problems with the announcement and downplayed his role in Bitcoin’s reserves.
“According to Trump’s Truth Social Post, the strategic reserves they “value” are made up of Bitcoin, Ethereum, Solana, Ripple, Cardano and other valuable cryptocurrencies,” he posted. “That means there’s nothing special about Bitcoin. This is just one of Cryptos’ unlimited supply.”
Longtime Bitcoin skeptic Schiff goes further, suggesting that Trump’s post is a market intervention to prevent the sale of Bitcoin.
“The story is based on true social posts. But Bitcoin, Solana, Ripple and Cardano are focused on the ‘news’. It is still only “appreciated” to establish such a preparation that Trump lacks the authority to actually create. The post itself is equivalent to Bitcoin relief. ”
He later added: Why exclude playing cards coins? This is all BS. Bitcoin was on another sharp selling crisis. So Trump was brought in to rescue Code with a bailiff. ”
Pierre Rochard, vice president of research at Riot Platforms, dismissed the reserve and insisted that over time it would inevitably be Bitcoin alone.
“Altcoins inevitably demonetize and become zero compared to Bitcoin. The strategic reserve will naturally be Bitcoin only. Everyone, this is economics 101.”
Meanwhile, Blockstream CEO Adam Back laughed at Trump’s reserve and shared a meme that read, “What I can do is reserve strategic shit.”
The Trump administration will hold its first White House Script Summit on Friday, where industry leaders and policymakers will discuss the future of digital assets. Details on how to set up Crypto Strategic Reserve remain unclear.