Jack Mallers and the Fight for a Bitcoin-Only Strategic Reserve

The Announcement That Set Bitcoiners Off

When President Donald Trump announced this past Sunday that a U.S. Strategic Crypto Reserve that would include Bitcoin, Ethereum, Ripple, Solana, and Cardano, the Bitcoin community erupted. But no one responded with more fire than Jack Mallers.

Mallers, CEO of Strike and one of Bitcoin’s most passionate advocates, didn’t hold back. In a fiery rant on his podcast, he tore apart the idea of including pre-mined shitcoins in a national reserve, calling it “outrageous, pathetic, and ridiculous.” He argued that Bitcoin is fundamentally different from every other digital asset—not just in technology, but in principle. Unlike Ethereum, Ripple, Solana, and Cardano, which were all pre-mined and distributed to early insiders, Bitcoin was fairly launched, earned through proof-of-work, and remains the only truly decentralized monetary asset.

His core argument? Bitcoin is money. Everything else is a company.

“None of these shitcoins deserve to be in the same sentence as Bitcoin—better yet in a reserve held and maintained by the United States of America.”

The fact that the U.S. government would lump together Bitcoin—a $500 trillion idea designed to fix money—with centralized, speculative tokens is, in Mallers’ view, an insult to both sound economics and basic integrity. And he’s right.

Why Bitcoin Is Different

Mallers’ biggest point is one that most people still fail to grasp: Bitcoin is not an investment, it’s not a tech company, and it’s not a product—it’s money.

Shitcoins like Ethereum, Ripple, Solana, and Cardano were created with early investors, venture capital, and pre-mined allocations, making them no different from traditional companies. Their founders own large portions of the supply, they have marketing teams, lobbying efforts, and centralized development roadmaps, and they make constant changes to their monetary policies—exactly what we see in traditional finance.

Bitcoin, on the other hand, had no pre-mine, no CEO, no special insiders, and no venture capital fund dictating its future. Every single Bitcoin in existence was either:

1. Mined fairly through proof-of-work, requiring real energy and effort, or

2. Earned in the free market, meaning someone exchanged real-world value for it.

As Mallers put it:

“Gold did not have a pre-mine. Corn did not have a pre-mine. Aluminum did not have a pre-mine. Bitcoin did not have a pre-mine.”

And yet, the U.S. government wants to mix it with a collection of pre-mined tokens, most of which function more like venture-funded startups than money.

The Corruption Behind the “Strategic Crypto Reserve”

So why would Trump—or any administration—put Ethereum, Ripple, Solana, and Cardano in a strategic reserve? Mallers has a simple answer:

It’s not about what’s best for America—it’s about who donated to Trump’s campaign.

“All that I saw from Trump’s post is who donated to the guy—not what is strategic for our country.”

If the U.S. government were serious about creating a reserve for sound digital assets, it would hold Bitcoin and maybe gold—nothing else. But instead, they’re playing politics, rewarding donors, and making a mockery of monetary policy by including shitcoins with massive insider allocations.

Mallers makes a brutal but undeniable point:

“If you’re going to force the American taxpayer to buy stuff, at least let me buy Apple. At least let me buy Amazon. At least let me buy Nvidia. Instead, they’re making us buy Ripple? Pathetic.”

At best, these shitcoins are tech companies—at worst, they’re scams. Either way, they don’t belong in a national reserve.

Why Jack Mallers Can Be Trusted

It’s easy to dismiss someone in an industry when they’re advocating for their side. But Jack Mallers is different. Unlike most players in the crypto space, he’s not hedging his bets, chasing VC money, or trying to please everyone. He’s built his career on refusing to compromise on principle.

He Doesn’t Play the Crypto Game

If Mallers were just looking to make money, he would support shitcoins, play nice with politicians, and sell out to institutional investors. Instead, he’s built Strike as a Bitcoin-only company, despite the fact that it would be far more profitable in the short term to integrate shitcoins.

He Calls Out Corruption—No Matter Where It Comes From

Mallers doesn’t hesitate to call bullshit on politicians, corporate leaders, and industry insiders. He doesn’t pander to political parties or try to gain favor with the powerful. He has openly criticized:

• The U.S. government’s fiscal irresponsibility
• Shitcoin grifters and corporate VCs
• Bitcoiners who try to compromise for mainstream acceptance

His stance is consistent: If it’s corrupt, he’ll call it out—no matter who it is.

He Has the Gen X Mindset (Despite Being 30)

Mallers may be a Millennial by birth, but his mentality is pure Gen X—skeptical of authority, fiercely independent, and unwilling to trust institutions. I’m bestowing honorary Gen X membership upon Jack.

Gen X, my generation, grew up watching governments lie, corporations fail, and institutions betray the public trust. Their defining trait is self-reliance—and that’s exactly how Mallers approaches Bitcoin. Unlike Millennials (who still believe in institutional solutions) or Gen Z (who tend to embrace technological optimism), Mallers has a hard-nosed, anti-establishment mindset.

This is why his message resonates beyond just Bitcoiners—he speaks to anyone who has ever felt screwed over by the system.

Mallers’ Final Warning: “Bitcoin Takes No Prisoners”

Mallers doesn’t just reject the U.S. government’s strategic reserve idea—he warns that anyone who doesn’t understand Bitcoin will eventually get humbled by it.

“Bitcoin operates on a set of principles that do not bend. Even if you're the U.S. government and the president of the United States, you will get embarrassed if you don’t know what you’re doing.”

Bitcoin doesn’t care about political favors, lobbying dollars, or corporate narratives. It is mathematically enforced truth. And any institution—whether a government, a company, or an individual—who tries to manipulate it will eventually fail.

That’s why Bitcoin doesn’t need a strategic reserve full of shitcoins, false promises, and political games. It stands on its own.

“There is Bitcoin. And then there’s everything else.”

The U.S. government will either figure that out now—or Bitcoin will force them to learn the hard way.

Final Thought: The U.S. Can’t Afford to Get This Wrong

If the United States is serious about strengthening its financial future, it needs Bitcoin, not a bundle of politically convenient shitcoins. Mallers understands that. The question is—when will the U.S. government catch up?

Wealth melts. How much you got left?

Disclaimer: Melting Wealth is not financial advice. It’s a wake-up call. Think for yourself, question the system, and take responsibility for your decisions. Your money, your risk, your move.