#Coinbase CEO Speaks on Bitcoin#

Coinbase CEO Brian Armstrong has recently expressed his bullishness on Bitcoin on multiple occasions, stating that he believes Bitcoin will reach millions of dollars in the future. He anticipates that the US government will hold Bitcoin as a strategic reserve, which will encourage other countries to follow suit. He argues that Bitcoin can effectively counterbalance deficit spending and inflation, providing a safe haven for people. He also mentioned that President Trump is excited about Bitcoin strategic reserves and believes the world is transitioning to a Bitcoin monetary standard.Furthermore, Armstrong addressed stablecoin regulation, suggesting that upcoming US stablecoin regulations might require issuers to fully back their dollar-denominated tokens with US Treasuries, potentially impacting companies like Tether significantly. Meanwhile, Coinbase is addressing Solana transaction delays and plans to enhance support for Solana, offering it the same "first-class support" level as Bitcoin, Ethereum, and Base.