VanEck Advisor Favors Bitcoin Over Ether In US Strategic Reserve Proposal

The crypto community is abuzz with discussions sparked by a proposal suggesting former U.S. President Donald Trump consider adding Bitcoin and Ethereum to the country’s strategic crypto reserve. Meanwhile, triggering this debate, VanEck advisor Gabor Gurbacs has voiced his preference for Bitcoin, igniting further dialogue in the market. Besides, the discussion comes amid a time when Donald Trump is getting immense traction from the crypto community for his pro-crypto stance.

VanEck Advisor Favors Bitcoin

In a recent post on the X platform, a top crypto influencer Zerohedge suggested that if elected, Donald Trump should announce the purchase of 2 million Bitcoin and 10 million Ethereum for a strategic U.S. crypto reserve. However, VanEck advisor Gabor Gurbacs, a prominent figure in the crypto space, expressed his support for Bitcoin, implying that it makes more sense as a strategic reserve asset.

Meanwhile, the discussion around choosing Bitcoin over Ethereum, especially with the VanEck advisor’s comment, has attracted attention, with several users expressing disappointment over the preference for Ethereum. Notably, the discussion over Bitcoin Vs. Ethereum has been fueled since last week after the U.S. SEC gave a regulatory nod for the Spot Ethereum ETF.

However, further intensifying the debate, another user questioned why not consider Dogecoin instead of Ethereum. Amid VanEck advisor’s comment, highlights the diverse opinions within the crypto community regarding suitable reserve assets for the U.S. Also, it reflects the growing popularity of the leading dog-themed meme coin in the crypto community, given the recent buzz in the meme coin sector.

Also Read: 10,000 New Users Join Ethereum Layer-2 Arbitrum, ARB Price Eyes $2

Trump’s Pro-Crypto Stance

The conversation over the U.S. strategy crypto reserve and VanEck advisor’s comment comes at a time when the former U.S. president has shown openness towards cryptocurrencies. Trump recently indicated plans to support crypto companies, acknowledging the growing importance of the industry.

In a social media post, Trump emphasized his administration’s commitment to backing the crypto sector, recognizing it as a “new and burgeoning industry.” Notably, his proactive stance towards crypto, including accepting Bitcoin donations for his campaign and launching NFTs, contrasts with the perceived regulatory uncertainty under the current administration.

Meanwhile, Donald Trump has also called Joe Biden the “worst president“, while saying that the current administration wants to hinder the crypto industry growth. 

Also Read: XRP Lawyer Dismisses Impact Of Ripple Lawsuit & Escrow Burn On XRP Price

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Rupam, a seasoned professional with 3 years in the financial market, has honed his skills as a meticulous research analyst and insightful journalist. He finds joy in exploring the dynamic nuances of the financial landscape. Currently working as a sub-editor at Coingape, Rupam’s expertise goes beyond conventional boundaries. His contributions encompass breaking stories, delving into AI-related developments, providing real-time crypto market updates, and presenting insightful economic news. Rupam’s journey is marked by a passion for unraveling the intricacies of finance and delivering impactful stories that resonate with a diverse audience.

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