Renowned economist Peter Schiff questioned the inclusion of XRP XRP/USD in the cryptocurrency reserve announced by President Donald Trump on Sunday while acknowledging the rationale behind including Bitcoin BTC/USD.
What happened: Schiff stated on X that, while he doesn’t agree, he understands that Bitcoin’s inclusion arose from a “digital gold” narrative. “I get the rationale for a Bitcoin reserve. I don’t agree with it, but I get it,” he said.
“But what’s the rationale for an XRP reserve? Why the hell would we need that?” Schiff slammed XRP’s inclusion.
In response, Charles Hoskinson, co-founder of Cardano ADA/USD — the other altcoin included in the strategic reserve — stated that XRP is a “great” technology and a global standard, having one of the strongest communities.
“I think the president made the right decision,” Hoskinson stated.
