Co-founder of a cryptocurrency exchange Gemini Cameron Winklevoss has called on the authorities of Russia and other countries to establish a state Bitcoin-fund.
Given game theory and national security, it is clear that creating a strategic Bitcoin reserve fund is not a choice, but a duty.
Any country should accumulate these resources [bitcoins] in the same way as rare earth minerals, gold, oil and other minerals in order to strengthen its independence and reduce the capabilities of its opponents.
It is better to accumulate [bitcoins] early than late, because if you do it before other countries, you will pay less, Cameron wrote.
Cameron Winklevoss
Cameron and his brother Tyler believe that budget money should be invested only in bitcoins, while US President Donald Trump holds a different point of view and, along with BTC, offers buy the following coins:
- Ethereums.
- XRP (XRP).
- Solana (SUN).
- Cardano (ADA).
The head of the crypto exchange Coinbase, Brian Armstrong, also supported investments only in bitcoins, calling the first cryptocurrency the most reliable means of saving capital. According to Armstrong, BTC is the successor to gold, which is used as a reserve asset by most, if not all, countries. For example, in Russia last year, the share of gold had to 29,8% of international reserves, and the value of the precious metal stored on the government’s balance sheet reached $179,6 billion.