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Coinbase Endorses U.S. Strategic Bitcoin Reserve, CEO Urges Global Adoption for Economic Freedom and Inflation Hedge

Jan 17, 2025, 07:42 PM

Coinbase, the nation's largest cryptocurrency exchange, has endorsed the creation of a U.S. strategic Bitcoin reserve. This endorsement was made public through a statement reported by Axios. Coinbase CEO Brian Armstrong has further elaborated on this stance in a blog post, emphasizing the importance of Bitcoin for economic freedom and urging world leaders to embrace cryptocurrency. Armstrong likened Bitcoin to gold in its potential role within the global economy, suggesting it could serve as a hedge against inflation and shift global power balances. Additionally, Armstrong called for nations to establish Bitcoin reserves, describing it as the next chapter of capitalism and a driver of economic growth and the next economy.