#Coinbase CEO: Bitcoin is a safe haven#

Coinbase CEO Brian Armstrong recently made a number of statements at the World Economic Forum in Davos, expressing his optimism about Bitcoin and arguing that it will become an important asset class in the future. He predicted that Bitcoin's price will reach millions of dollars and believes that Bitcoin can serve as a hedge against deficit spending and inflation, providing a safe haven for people. Armstrong also said that he believes President Trump is excited about a Bitcoin strategic reserve and that the world is moving towards a Bitcoin monetary standard. He believes that the United States holding Bitcoin would encourage other G20 countries to follow suit and pointed out that many finance ministers are showing growing interest in Bitcoin. Additionally, Armstrong discussed upcoming U.S. stablecoin regulations, stating that new regulations may require issuers to fully back their dollar-denominated tokens with U.S. Treasury securities, potentially leading to Coinbase delisting USDT. He said Coinbase will continue to offer USDT services to help customers access other crypto assets, but if USDT fails to meet the new U.S. legal requirements, Coinbase will delist USDT.