- Michael Saylor, a prominent Bitcoin advocate, has endorsed a multi-token crypto reserve including XRP.
- His shift from opposing altcoins to supporting a diversified approach sparks debate.
In an unexpected twist from Michael Saylor, a prominent and passionate Bitcoin maximalist, endorsed a multi-token reserve that includes XRP. Notably, Saylor has built his reputation, and Strategy’s (formerly Microstrategy) treasury strategy around Bitcoin maximalism, an idea that Bitcoin is the only cryptocurrency worth investing in.
So, his recent description of a diversified crypto reserve as “bullish for Bitcoin and the broader crypto industry” has raised eyebrows throughout the community.
What makes this particularly surprising is his history with altcoins, especially XRP. He’s been pretty dismissive of them in the past, often arguing that anything besides Bitcoin was essentially a distraction or an inferior alternative.
This evolution in his thinking could signal a broader shift in how even the most dedicated Bitcoin supporters are viewing the ecosystem. The crypto space has matured significantly as Coinbase and Glassnode have reported, and perhaps Saylor is recognizing that different tokens can serve different purposes within a larger digital asset framework.
A Forward-Thinking Approach to Cryptocurrency
Saylor, who once dismissed altcoins as unregistered securities, now sees value in having a diversified crypto reserve. While he still considers Bitcoin the foundation of the cryptocurrency economy, he acknowledges that a more progressive approach to digital assets could benefit the industry.
I believe that the best thing for the country is to move forward with an enlightening progressive policy toward digital assets,he stated.
This change in stance comes after Saylor previously urged the U.S. Securities and Exchange Commission (SEC) to shut down XRP and other altcoins. In 2022, he called XRP an unregistered security and criticized its regulatory status. However, the recent announcement of a multi-token reserve, which includes BTC, ETH, Solana (SOL), XRP, and Cardano (ADA), as reported, has led Saylor to reconsider his position.
In a Truth Social post, President Trump stated,
A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!
Statements like these solidify the progressive approach the U.S. and other countries are making when it comes to crypto.
The news of XRP’s inclusion in the reserve sparked mixed reactions. While some see it as a step toward broader adoption, others have criticized the move, citing concerns about regulatory clarity and market stability.
Despite the backlash, Saylor’s endorsement highlights the growing recognition of altcoins’ role in the evolving crypto landscape. Currently, XRP is trading at $2.36, down 8.4% in the last 24 hours.
