#Coinbase CEO Discusses Bitcoin's Future Prospects#

Coinbase CEO Brian Armstrong has recently expressed optimism about the future of Bitcoin in multiple venues. He believes that Bitcoin can effectively counter deficit spending and inflation, and provide a safe haven for people. He expects the price of Bitcoin to rise to millions of dollars in the long term, and points out that interest in holding Bitcoin is growing among finance ministers in multiple countries. Armstrong also said that President Trump is excited about establishing a strategic Bitcoin reserve, and believes that if the United States holds Bitcoin, G20 countries will follow suit. Additionally, Armstrong has talked about his expectations for cryptocurrency regulation, saying that he believes the United States will clarify cryptocurrency regulation and expects to see executive orders on cryptocurrency soon. However, he also said that Coinbase would delist the stablecoin USDT from its U.S. cryptocurrency trading platform if required by law. Some industry insiders have expressed concern about Coinbase's excessive regulation, arguing that it goes against the very nature of cryptocurrency and that self-regulation based on customer trust is more suitable for the crypto world.