#Coinbase CEO on Bitcoin#

Coinbase CEO Brian Armstrong recently made a series of comments about Bitcoin and stablecoins at the World Economic Forum in Davos, sparking widespread attention. He believes that the price of Bitcoin will reach millions of dollars in the long term, and noted that U.S. President Donald Trump is excited about Bitcoin as a strategic reserve, seeing it as a tool to combat deficit spending and inflation. He also predicted that the U.S. may introduce new stablecoin regulations in the future, requiring issuers to be fully backed by U.S. Treasury bonds and undergo regular audits. If Tether cannot meet these requirements, Coinbase will delist USDT but will provide users holding USDT with a way to convert to other cryptocurrencies. Armstrong also said he has spoken with finance ministers in many countries and learned that their interest in holding Bitcoin is increasing. Overall, Armstrong is optimistic about the future of Bitcoin and cryptocurrencies, believing that they will continue to be more widely adopted.