Crypto

Coinbase Advocates for a US Government Bitcoin Reserve to Bolster National Security

Coinbase CEO Proposes US Government Bitcoin Reserve

In a bold move ahead of the World Economic Forum, Coinbase CEO Brian Armstrong has publicly endorsed the creation of a United States Government Strategic Bitcoin Reserve. Armstrong's vision, as reported by Axios, positions Bitcoin as a pivotal asset in the digital economy and a hedge against inflation, crucial for national security.

"Bitcoin has emerged as the best performing asset class since its inception, solidifying its role as a hedge against inflation. The next global arms race will be in the digital economy, not space. Bitcoin could be as foundational to the global economy as gold and will become central to national security in a world where holdings of bitcoin can shift the balance of power among nation states," Armstrong articulated in a blog post.