#Coinbase CEO: Trump May Hold Bitcoin Reserves#

Coinbase CEO Brian Armstrong recently made a series of remarks about Bitcoin and cryptocurrencies at the World Economic Forum in Davos, sparking widespread attention. He predicted that the price of Bitcoin would reach millions of dollars and believes that Bitcoin will become the new gold standard, with governments holding Bitcoin as strategic reserves. He said that many finance ministers are increasingly interested in Bitcoin strategic reserves and believes that US President Trump is excited about Bitcoin strategic reserves and even wants to be the first Bitcoin president. Armstrong also spoke about stablecoin regulation, stating that future US stablecoin regulations may require issuers to fully back their dollar-denominated tokens with US Treasuries and complete regular audits. If Tether cannot comply with new US laws, Coinbase will delist USDT. Overall, Armstrong is optimistic about the future of cryptocurrency, believing that it will usher in a new era of capitalism and economic freedom.