Coinbase CEO Brian Armstrong Says Bitcoin Is 'A Better Form Of Money'

Coinbase COIN co-founder and CEO Brian Armstrong said Bitcoin BTC/USD is “a better form of money,” advocating for its inclusion in government reserves.

What Happened: Armstrong on Thursday on X argued that Bitcoin's ~$2 trillion market cap—roughly 11% of gold's ~$18 trillion market cap—positions it as a superior form of money due to decentralization, scarcity, divisibility, portability and improved fungibility compared to gold.

Its purity is also easier to verify than that of gold.

Armstrong predicts Bitcoin will surpass gold’s valuation within five to ten years and believes its adoption as a reserve asset will prompt other G20 nations to follow.

He also offered Coinbase’s assistance to any government exploring such an initiative.

Speaking at Davos World Economic Forum, Armstrong placed Bitcoin on a higher pedestal than gold, saying Donald Trump's new administration could bring the dawn of a new day for crypto.

Also Read: Morgan Stanley CEO Says Meme Coins Are A Sign ‘Liquidity’ In Crypto

Why It Matters: According to Glassnode data, Bitcoin’s Mayer Multiple (MM)—a key macro market trend oscillator—is currently 1.37, calculated as the ratio of Bitcoin's price to its 200-day moving average (200DMA).

This suggests Bitcoin, priced at $104,000, is above its 200DMA but well below the overbought threshold of MM > 2.4 (~$181,000).

• Neutral MM: 1.0 ($75,000)
• Oversold MM: <0.8 (~$60,000)

The MM indicator helps identify price levels where market cycles may shift, signaling that Bitcoin still has room for upward momentum.

Crypto trader Javon Marks highlighted Bitcoin's recent breakout from a bullish pennant pattern after President Trump signing a crypto-related executive order.

This breakout suggests the potential for a major push toward the $120,000 range in the coming months.

Read Next:

• Trump Signs Executive Order On Crypto, Bitcoin Reserve To Be ‘Evaluated’

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