#Coinbase CEO: Bitcoin is Inflation-Proof#

Coinbase CEO Brian Armstrong said at the World Economic Forum in Davos that Bitcoin is inflation-proof and predicted that the price of Bitcoin will reach millions of dollars in the future. He believes Bitcoin is an effective tool to address deficit spending and inflation, as people will turn to Bitcoin for safety once things get out of control. Armstrong also said he has spoken to many finance ministers around the world and learned that their interest in holding Bitcoin is increasing. He expects the United States to provide regulatory clarity for cryptocurrencies and potentially adopt Bitcoin as a strategic reserve, which would drive more institutional investors into the market. In addition, Armstrong said that if the U.S. holds Bitcoin, G20 countries will follow suit. He also highlighted President Trump's positive attitude towards Bitcoin as a strategic reserve and believes Trump has the potential to become the "first Bitcoin president." However, Armstrong also said that Coinbase will delist USDT. If new U.S. legislation requires it, Coinbase will delist the stablecoin USDT from its U.S. cryptocurrency exchange platform. He believes that upcoming U.S. stablecoin regulations may require issuers to fully back their dollar-denominated tokens with U.S. Treasury bonds, which would make it harder for offshore companies to serve the U.S. market.