Coinbase CEO Brian Armstrong Endorses U.S. Strategic Bitcoin Reserve, Cites Economic Freedom

Jan 17, 2025, 07:45 PM

Coinbase, the nation's largest cryptocurrency exchange, has endorsed the concept of a U.S. strategic Bitcoin reserve, according to Axios. This endorsement comes from Coinbase CEO Brian Armstrong, who has urged global leaders to establish Bitcoin reserves, likening its importance to gold in the global economy. Armstrong's advocacy for a Bitcoin reserve is part of a broader call for economic freedom and suggests that Bitcoin could shift global power balances, positioning it as central to national security. The proposal is seen as a move to hedge against inflation and as a foundational asset for the future global economy, with Armstrong describing Bitcoin as 'the next chapter of capitalism.'