Zinger Key Points
- Coinbase CEO advocates for Bitcoin over gold as a store of value for governments under the pro-crypto Trump administration.
- Armstrong highlights crypto's infancy and noted that half of Fortune 500 companies have adopted pilot programs in the space.
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Speaking at the World Economic Forum in Davos 2025, Coinbase COIN CEO Brian Armstrong placed Bitcoin BTC/USD on a higher pedestal than gold as a store of value for governments.
What Happened: In an interview with CNBC, Armstrong reflected on spending two days in Washington during Donald Trump's inauguration, describing the event as the "dawn of a new day for crypto."
He expressed optimism about the new administration’s potential to establish clear regulations and pass crypto-friendly legislation, setting the stage for significant investment and innovation.
He added that crypto is still in "infancy" and it is a very exciting phase.
Armstrong also underscored crypto's early-stage growth, highlighting factors like the rise of Bitcoin ETFs, increased stablecoin payments, and the growing interest of Fortune 500 companies in piloting crypto initiatives.
He emphasized that Bitcoin, as a global digital asset, could make financial systems faster, cheaper and more efficient, ultimately promoting financial freedom worldwide.
In December 2024, Armstrong openly opposed the U.S. government's decision to sell its Bitcoin holdings, arguing that such assets should be retained as part of a long-term strategy.
Armstrong also hinted at potential partnerships, including integrating USDC transfers into Elon Musk’s X platform, signaling a pro-crypto alignment with global financial systems.
Also Read: Trump’s Crypto Silence: Inauguration Omission Sparks Questions After History Of Mixed Signals
What's Next: Armstrong anticipates that the administration’s first steps will include executive orders directing U.S. government agencies to collaborate on clear crypto regulations.
Key initiatives could include Attracting capital and enabling startups to thrive in the U.S. and protecting the right to own Bitcoin and use custodial wallets without fear of persecution or de-banking.
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