Coinbase CEO Brian Armstrong said at the World Economic Forum in Davos that Bitcoin (BTC) is a better form of money than gold amid a “new era” for crypto.
In a clip shared on the social media platform X, Armstrong predicts that over time, governments will be forced to hold at least 1% of their reserves in BTC before inevitably buying even more.
“I think it’s clear at this point that Bitcoin is a better form of money than gold. It is provably scarce just like gold but it’s more portable and divisible. So you can actually – it has higher utility I would say. It’s the best-performing asset in ten years. So for a store of value, I think it’s going to be important for governments to hold this over time. It might start with being 1% of their reserves but I think over time it will come to be equal to or greater than gold reserves.”
In an interview with CNBC’s Squawk Box, Armstrong says it’s the dawn of a new era for digital assets now that the first pro-crypto presidential administration is ruling D.C. The CEO was one of many crypto executives invited to President Trump’s inaugural ball.
“It’s really the dawn of a new day for crypto. The energy was just palpable throughout the room. You have to remember that the last four years, we really felt like we were being attacked by this administration, they tried to weaponize the lack of clarity and the rules to really try to push back, even on the good actors – there were some bad actors too, to be fair – but they even tried to go after the good actors, I think, like us. So the industry is just ready for this new change, they’re ready for clear rules and that’s our big push next is to try to go get some legislation passed in the US and make it even more clear.”
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