#Bitcoin Emerges as a New Choice Against Inflation#

Coinbase CEO Brian Armstrong recently made a series of statements during the World Economic Forum in Davos, indicating his bullish stance on cryptocurrencies, particularly Bitcoin. He believes Bitcoin can serve as a safe haven against deficit spending and inflation, and predicts its price will reach millions of dollars in the long term. He stated that interest in holding Bitcoin is growing among finance ministers of multiple countries, and he believes the US holding Bitcoin as a strategic reserve would be a positive development, potentially prompting other G20 nations to follow suit. He also mentioned that President Trump was excited about establishing a strategic Bitcoin reserve, and he believes the world is moving towards a Bitcoin monetary standard. Furthermore, Armstrong discussed stablecoin regulation, suggesting that upcoming US stablecoin regulations might require issuers to fully back their dollar-pegged tokens with US Treasuries. He stated that Coinbase would delist USDT from its US crypto exchange platform if the law mandates it. Nevertheless, Coinbase still plans to continue offering USDT services to assist customers in accessing other crypto assets. Overall, Armstrong's statements indicate Coinbase's confidence in the future of cryptocurrencies, believing they will continue to gain wider recognition and adoption globally.