Brian Armstrong Tells WEF That Bitcoin Is a Better Form of Money Than Gold, Says Crypto Still in Infancy

Coinbase CEO Brian Armstrong stated 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 an excerpt shared on social media platform X, Armstrong predicts that over time governments will likely be pressured to carry at the very least 1% of their reserves in BTC earlier than inevitably shopping for extra.

“I believe it is clear at this level that Bitcoin is a greater type of cash than gold. It’s arguably scarce, like gold, however it’s extra moveable and shareable. In order that’s truly attainable – it has a higher use, I’d say. It’s the finest performing asset in a decade. So for a retailer of worth, I believe will probably be necessary that governments preserve this over time. It’d begin at 1% of their reserves, however I believe over time it is going to equal or exceed gold reserves.”

In an interview with CNBC’s Squawk Field, Armstrong says it is the daybreak of a brand new period for digital property as the primary pro-crypto presidential administration guidelines DC. The CEO was considered one of many crypto executives invited to President Trump’s inaugural ball.

“It truly is the start of a brand new day for crypto. The vitality was simply palpable all through the room. You need to keep in mind that for the final 4 years we actually felt like we have been below assault by this authorities. They tried to weaponize the dearth of readability and the principles to actually push again, even in opposition to the nice actors – there have been some dangerous actors too, to be honest – however they tried to go after even the nice actors, I believe, like We. So the business is simply prepared for this new change, they’re prepared for clear guidelines and that is our large subsequent step is to attempt to get some laws handed within the US and make it even clearer.”

Do not miss a beat – Subscribe to obtain e mail alerts straight to your inbox

Test worth motion

Comply with us additional XFb and Telegram

Surf to the Every day Hodl combine

Generated picture: Midjourney