Brian Armstrong, CEO of Coinbase described Bitcoin it as the simplest and most effective option for a reserve

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Brian Armstrong, CEO of Coinbase "Excited to learn more. Still forming an opinion on asset allocation, but my current thinking is: 1. Just Bitcoin would probably be the best option - simplest, and clear story as successor to gold.

"Just Bitcoin would probably be the best option — simplest, and clear story as successor to gold," Armstrong wrote in an X post on Sunday night ET, adding that he was still forming an opinion on asset allocation. "If folks wanted more variety, you could do a market cap-weighted index of crypto assets to keep it unbiased. But probably option #1 is easiest."