The CEO of the largest crypto exchange in the US thinks the digital asset industry is entering a new phase.
In a new interview on CNBC, Brian Armstrong says that Donald Trump’s successful bid to return to the White House and the victory of pro-crypto legislators in the recent elections will be bullish for crypto.
“It’s really the dawn of a new crypto era with this election that just happened because it’s the most pro-crypto congress ever… We couldn’t be in a better position to finally get some clarity and start to rebuild the crypto industry in America again.”
He says Bitcoin (BTC), which recently hit a new record high above $90,000, has more room for growth even as people become aware that there are other assets in the crypto space.
“I think Bitcoin will be the most important crypto asset for a long time. It’s got a lot of runway to move as well.”
He also says the economic issues the US is dealing with drive the surging demand for the flagship crypto asset.
“There’s a massive issue in the United States with the deficit, with inflation and I do think that Bitcoin is a check and balance on irresponsible deficit spending. To really extend the American experiment for a couple hundred more years, it’s important that we don’t devalue the dollar, lose the reserve currency status and that’s a big reason why people are buying Bitcoin now.”
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