It's Government doing what Government does anyway, so we could just care less at what they do. They have demonized Bitcoin before, they have called bitcoin all sorts of names before, they seized some bitcoins before, so them using some altcoins alongside Bitcoin as their reserve shouldn't even shake us up for an inch.

If you decide to trust what Government says or does at this point in time, then it's your fault  

Fully agree with @headingnorth.

In general, it could even be a good idea to include altcoins into a strategic reserve, but these altcoins then must be decentralized as Bitcoin, i.e. not controllable by any entity. At this moment (apart from Bitcoin obviously), I think only XMR could eventually fullfill this requirement. But it's still too weak to really be interesting as a strategic reserve.

In addition, most of the other altcoins mentioned for the reserve are typical utility tokens. This means that the tokens fulfill a purpose, like "gas measurement" in the case of ETH. This could lead into situations where the coin project would have to decide to expand its supply to ensure there is enough liquidity for gas payments, which would counter the interests of hodlers, including the nations holding it as a strategic reserve.

Good point. While I can understand that other countries may be interested to "race" with the US to get Bitcoin reserves for the cheapest possible price, the centralized US altcoins aren't interesting for any other country for this exact reason you mention, so there will be no race -- and thus there is also no purpose of the "strategic reserve", as no other Central Bank or nation will compete with the US for these coins. The only exception may be Ethereum due to its relatively established nature, but I believe ETH won't be as interesting as Bitcoin for other countries because it has the problems related to utility tokens I mentioned above.

To @OP: you're actually not correct, many Central Banks do have silver reserves for example, although these are much smaller than the worldwide gold and US dollar reserves. There are even countries holding strategic reserves of edible commodities like rice.

I've always heard of a bitcoin reserve, so for them to convert it to a 'crypto reserve' is a different matter.
For them to make a crypto reserve, there must have been some political meetings in the background that we do not know about because aside from Bitcoin, I don't believe there is any other crypto that has the quality of being a reserve.
Not like this surprises me tough, I've always seen the Bitcoin reserve talks as just mere talks for now and I've also seen Trump's love for Bitcoin as just a way to get votes and support his sponsors and those in his corners.   

I will be waiting to see how this idea is going to turn out and how beneficial it's going to be to the government if they decide to go on with the altcoin reserve.
Initially, it was bitcoin reserve that Trump made mention of and of late, he is speaking about adding altcoins to the reserve which doesn't make any sense.
Bitcoin is decentralized and not a company that is own by one man like the other altcoins that are centralized and controlled by individual like you and I, which means that nothing is guaranteed about the projects, it's very possible that the company could have financial challenges and when they file for bankruptcy, the coin will suffer it. The government does not need to use a one man's business as federal reserve, it's just a dumb idea.

BEWARE:

Don't sell any of your bitcoins, to buy any of those supposedly other assets announced as part of the reserve, XRP, SOL, ETH, and ADA was it? As those coins will just be used to take your bitcoins away.

To me, none of this makes any sense, and it should NOT be trusted, even BTC as a reserve, because why would  Trump be allowed to announce confirm this before having the strategic assets , and permit other governments to front run the US in their purchase? Obviously no other government has believed this.

It all seems phony and suspect to me tread very carefully people.

We should not fall for all these for the second time market manipulation, because they also succeeded doing that when it was firstly announced, now if they later eventually did it, then the market is going to run on a bullrun, but we must not be slack over it as any advantage could taken from the process to still manipulate the second time, by now most of us should have known how things works in such a way that we are not the scapegoat at the end.

as the name suggests, the crypto reserve is a reserve designed by trump containing several cryptos with the plan that they will invest a few percent of the budget in it. but it's a bit strange that they include altcoins that seem more volatile in this reserve plan. that might make the value of this reserve more volatile and they could sell it at any time for mitigation reasons. but that's their plan, we don't know for sure how this crypto reserve plan will go in the future, whether it can really be implemented or just a plan.

The USA is not putting all its eggs into one basket when investing in cryptocurrency, as much as I wish it was all in Bitcoin  . But that is fine, I am expecting SOL and the others that Trump mentioned to pump as well. I can always turn altcoin trading profits into Bitcoins... Furthermore Trump and his family have proclaimed their endorsement for memecoins by making and selling memecoins of their own, did they not? That is a goldmine for Solana.

Trump will make some announcement about the reserve on the 7th of march 2025. Let's see what he says.

ETH does not have what it takes to have a reserve. I personally don't even consider Ethereum a good coin for an investment. Ethereum hasn't performed well in a long time. They had an ATH of about $4800 3 years ago and since then they've not been able to even climb $4k again. That is not a coin that should have a federal reserve.
I expected ETH to perform really well, but it has not delivered.

Then there's also the fact that ETH is owned by another company. I don't think it's the right idea for a country to have a reserve of a coin that is owned by somebody or a company. It makes no sense in my opinion.