Coinbase CEO Brian Armstrong mentioned on the World Financial Discussion board in Davos that Bitcoin (BTC) is a greater type of cash than gold amid a “new period” for crypto.
In a clip shared on the social media platform X, Armstrong predicts that over time, governments will probably be pressured to carry a minimum of 1% of their reserves in BTC earlier than inevitably shopping for much more.
“I believe it’s clear at this level that Bitcoin is a greater type of cash than gold. It’s provably scarce identical to gold however it’s extra transportable and divisible. So you’ll be able to truly – it has larger utility I’d say. It’s the best-performing asset in ten years. So for a retailer of worth, I believe it’s going to be necessary for governments to carry this over time. It’d begin with being 1% of their reserves however I believe over time it would come to be equal to or larger than gold reserves.”
In an interview with CNBC’s Squawk Field, Armstrong says it’s the daybreak of a brand new period for digital property now that the primary pro-crypto presidential administration is ruling D.C. The CEO was considered one of many crypto executives invited to President Trump’s inaugural ball.
“It’s actually the daybreak of a brand new day for crypto. The vitality was simply palpable all through the room. It’s important to do not forget that the final 4 years, we actually felt like we had been being attacked by this administration, they tried to weaponize the shortage of readability and the foundations to actually attempt to push again, even on the nice actors – there have been some unhealthy actors too, to be truthful – however they even tried to go after the nice actors, I believe, like us. So the business is simply prepared for this new change, they’re prepared for clear guidelines and that’s our massive push subsequent is to attempt to go get some laws handed within the US and make it much more clear.”
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