#BTC Coinbase CEO Brian Armstrong believes Bitcoin has the potential to become a global reserve currency, surpassing gold in market capitalization. Here's why ¹ ²:

Advantages over gold: Armstrong highlights Bitcoin's scarcity, portability, divisibility, and fungibility as key benefits over gold. He also notes that verifying Bitcoin transactions is more transparent and efficient than verifying gold purity.

Market capitalization growth: Armstrong predicts Bitcoin's market cap, currently around $2 trillion, could surpass gold's $18 trillion market cap within 5 to 10 years.

Strategic reserve asset: He urges governments to allocate a portion of their gold reserves to Bitcoin, suggesting it could start with a small percentage, around 1%, and eventually match or exceed gold holdings.

US debt crisis: Armstrong's comments come amid concerns over the US debt crisis, which some believe could accelerate global de-dollarization and boost Bitcoin's appeal as a safe-haven asset.

Growing adoption: Several US states, including Wyoming, Oklahoma, and Texas, have introduced legislation to treat Bitcoin as a strategic asset, while former President Donald Trump signed an executive order to create a "national digital asset stockpile".

However, not everyone shares Armstrong's optimism. South African Reserve Bank Governor Lesetja Kganyago has expressed skepticism, questioning Bitcoin's strategic importance and highlighting gold's historical role as a standard for currency and trusted store of value ¹.