#Coinbase CEO Discusses Bitcoin#

Coinbase CEO Brian Armstrong spoke about Bitcoin at the World Economic Forum in Davos, arguing that the price of Bitcoin will reach millions of dollars in the long term. He expects the US to hold Bitcoin as a strategic reserve, which will encourage other countries to follow suit. He believes Bitcoin can be a good counterbalance to deficit spending and inflation, offering people a safe haven. He also spoke about stablecoin regulation, expecting the US to require stablecoin issuers to be fully backed by US Treasury bonds and undergo regular audits, which would have a significant impact on companies like Tether. If Tether fails to comply with new regulations, Coinbase will delist USDT, but will provide users holding Tether with a way to convert to other cryptocurrencies. Armstrong also said that President Trump is excited about Bitcoin strategic reserves and hopes to be the first Bitcoin president. He believes the world is moving towards a Bitcoin monetary standard, and any government holding gold should also hold Bitcoin as a reserve asset.