Coinbase CEO calls on countries to establish Bitcoin reserves
Brian Armstrong, CEO of Coinbase, has proposed that global leaders create Bitcoin strategic reserves as a means to bolster economic resilience against inflation. In his blog post outlining economic freedom, Armstrong described cryptocurrencies as the next chapter in capitalism and suggested several measures for policymakers, including the establishment of Bitcoin reserves. He argued that Bitcoin could become foundational to the global economy, comparable to gold, and emphasized its potential role in national security amidst shifting geopolitical landscapes. Additionally, Coinbase's political engagement has increased, with significant contributions to political action committees during the last election cycle. As the Trump administration approaches, the future of Coinbase amid legal challenges with the SEC remains uncertain, following allegations of operating as an unregistered exchange. Armstrong expressed a desire for collaboration with the incoming administration, hinting at potential plans for a national BTC reserve as part of an economic strategy.
Source 🔗