Coinbase CEO Brian Armstrong said at the World Economic Forum in Davos that Bitcoin (BTC) is a better form of money than gold, amid a “new era” for crypto.
In an excerpt shared on social media platform X, Armstrong predicts that over time governments will be forced to hold at least 1% of their reserves in BTC before inevitably buying more.
“I think it’s clear at this point that Bitcoin is a better form of money than gold. It is arguably scarce, like gold, but it is more portable and shareable. So that’s actually possible – it has a greater use, I would say. It is the best performing asset in a decade. So for a store of value, I think it will be important that governments maintain this over time. It might start at 1% of their reserves, but I think over time it will equal or exceed gold reserves.”
In an interview with CNBC’s Squawk Box, Armstrong says it’s the dawn of a new era for digital assets as the first pro-crypto presidential administration rules DC. The CEO was one of many crypto executives invited to President Trump’s inaugural ball.
“It really is the beginning of a new day for crypto. The energy was just palpable throughout the room. You have to remember that for the last four years we really felt like we were under attack by this government. They tried to weaponize the lack of clarity and the rules to really push back, even against the good actors – there were some bad actors too, to be fair – but they tried to go after even the good actors, I think, like We. So the industry is just ready for this new change, they’re ready for clear rules and that’s our big next step is to try to get some legislation passed in the US and make it even clearer.”
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