#Coinbase CEO Discusses Bitcoin's Future Prospects#

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Overview

Coinbase CEO Brian Armstrong has recently expressed optimism about the future of Bitcoin in multiple settings. He believes that Bitcoin can effectively combat deficit spending and inflation, and provide a safe haven for people. He expects the price of Bitcoin to reach millions of dollars, and points out that the interest of multiple finance ministers in holding Bitcoin is increasing. Armstrong also stated that President Trump is excited about establishing a strategic Bitcoin reserve and believes that the US holding Bitcoin will drive G20 countries to follow suit. Furthermore, he believes that the US will clarify cryptocurrency regulation, and stated that Coinbase will delist USDT if legally required.

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Analysis

Coinbase CEO Brian Armstrong recently made a series of statements about the future of Bitcoin at the World Economic Forum in Davos, sparking widespread attention. He believes Bitcoin can effectively counterbalance deficit spending and inflation, providing a safe haven for people, and predicts that the price of Bitcoin will reach millions of dollars. Armstrong also revealed that President Trump is excited about establishing a strategic Bitcoin reserve, and said that the interest of multiple finance ministers in holding Bitcoin is increasing. He believes that the United States holding Bitcoin will encourage G20 countries to follow suit, and expects the US to issue an executive order on cryptocurrency soon. In addition, Armstrong also said that Coinbase will delist the stablecoin USDT from its US cryptocurrency trading platform if required by law. However, some industry insiders have expressed concerns about Coinbase's excessive regulation, arguing that it violates the essence of cryptocurrency and that self-regulation based on customer trust is more suitable for the crypto world.

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Classic Views

Bitcoin can be used as a hedge against deficit spending and inflation, providing a safe haven for people

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Bitcoin price is expected to rise to millions of dollars in the long term, institutional investors will continue to enter the market

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The US government may adopt Bitcoin as a strategic reserve asset and may issue an executive order on cryptocurrencies

3

Stablecoin regulation is a top priority, Coinbase may be forced to delist USDT

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