The CEO of the American crypto exchange platform Coinbase says that traditional financial institutions (Tradfi) are about to increase their crypto investments.
In a new thread on the social media platform X, Brian Armstrong, CEO of Coinbase – who has just met countless leaders from the world and the business community at the Conference of the World Economic Forum in Switzerland – that the “locks” open for the digital assets -Industry as blue-chip investors express their intention to increase their crypto presence.
“Business leaders – banks, asset managers, payment services, etc. – have made it clear that they all accelerate the investments in crypto. The crypto-allocations will rise, as well as their efforts to build on the blockchain. There will be more players and competition than ever in Crypto and we welcomes it all.
We need crypto to update the entire global financial system, so that everyone can get these benefits. ”
According to Armstrong, President Donald Trump’s pro-Crypto position-including the possibility of creating a National Bitcoin (BTC) and crypto reserve-forced others to ‘improve their play’. He also noted that Trump, crypto and artificial intelligence (AI) were the most discussed topics at the conference.
“President Trump forces everyone to improve their game. In short, every conversation I had with large market leaders was aimed at what the Trump manager intended to do in the field of crypto-for example a strategic bitcoin reserve-and how they can prevent them from lagging behind.
Because the company is best positioned to help governments create a strategic Bitcoin reserve (through our storage and trade services), these were valuable contact points. “
Last week Trump signed an executive order to study the potential impact of the construction of a national bitcoin and crypto stock. With the title ‘Strengthening American Leadership in Digital Financial Technology’, the order creates a new working group that will coordinate and propose a uniform regulation approach for crypto within six months.
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