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Bitcoiners are furious over Donald Trump’s crypto strategic reserve, calling it a “shi*coin reserve” after the president announced that XRP, Solana (SOL), and Cardano (ADA) would be included alongside Bitcoin and Ethereum.

Samson Mow, CEO of JAN3 posted on X that while Bitcoin might be up “but it’s a sad day for America if they actually shitcoin at a nation-state level.”

“I can’t really say I’m surprised though, with Trump having launched a memecoin. Hypershitcoinization awaits,” he added.

Mow also criticized the selection of assets in the reserve, arguing it was designed to enrich specific projects rather than serve a national purpose.

“Adding XRP to a digital asset reserve is lining Ripple corp pockets with extra steps. Adding Ethereum to a digital asset reserve is lining Buterin’s pockets with extra steps. Adding Solana to a digital asset reserve is lining Sacks’ pockets with extra steps. And so on.”

Peter Schiff: 'Nothing special about Bitcoin'

Gold advocate Peter Schiff also took issue with the announcement, downplaying Bitcoin’s role in the reserve.

“According to Trump's Truth Social post, the Strategic Reserve they are ‘evaluating’ would consist of Bitcoin, Ethereum, Solana, Ripple, Cardano, and other valuable cryptocurrencies,” he posted. “That means there’s nothing special about Bitcoin. It’s just one of an unlimited supply of cryptos.”

Schiff, a longtime Bitcoin skeptic, went even further, suggesting Trump’s post was a market intervention to prevent a Bitcoin selloff.

“The story is based on a Truth Social post. But Bitcoin, Solana, Ripple, and Cardano are rallying on the ‘news.’ I'm sure establishing such a reserve, which Trump actually lacks the authority to create, is still only being ‘evaluated.’ The post itself amounts to a Bitcoin bailout.”

He later added, “Someone got Trump to do a follow-up post to include Bitcoin and Ether in the Strategic Reserve. Why leave out Trump coin? This is all BS. Bitcoin was on the verge of another sharp selloff. So Trump was brought in to rescue crypto with a bailout post.”

Bitcoin maxis say BTC will be the only Reserve asset

Pierre Rochard, vice president of Research at Riot Platforms dismissed the reserve, arguing it would inevitably become Bitcoin-only over time.

“As altcoins inevitably demonetize and trend to zero relative to Bitcoin, the strategic reserve will naturally become Bitcoin-only. Folks, this is Economics 101.”

Meanwhile, Blockstream CEO Adam Back mocked Trump’s reserve, sharing a meme that read, “Best I can do is a strategic shitcoin reserve.”

Trump’s administration is hosting the first White House Crypto Summit on Friday, where industry leaders and policymakers will discuss the future of digital assets. The details of how the Crypto Strategic Reserve will be set up remain unclear.