Coin-base CEO Brian Armstrong has been actively advocating for governments to create strategic Bitcoin reserves, following the US government's establishment of a Bitcoin reserve under President Donald Trump's administration.
- Global Adoption: Armstrong believes that other G20 countries will likely follow the US's lead in creating Bitcoin reserves, citing the US move as a legitimizing factor.
- Bitcoin's Legitimacy: He emphasizes Bitcoin's potential as a store of value and its superiority over gold due to its scarcity, portability, and divisibility.
- Reserve Allocation: Armstrong suggests that countries could allocate a portion of their gold reserves to Bitcoin, starting with at least 11% of their gold reserves.
- Market Impact: The introduction of strategic Bitcoin reserves could stimulate further adoption, increase institutional confidence, and potentially drive up Bitcoin's price.
- US Leadership: The US government's decision to create a Bitcoin reserve has sparked interest among other nations, with Armstrong predicting that this move will encourage global governments to reevaluate their crypto strategies.
Armstrong's advocacy for Bitcoin reserves is part of a broader trend, with several US states introducing legislation to treat Bitcoin as a strategic asset. The US government's initiative aims to formalize Bitcoin and other digital assets as part of the nation's financial strategy.
