#Coinbase CEO on Bitcoin#

Coinbase CEO Brian Armstrong recently spoke at the World Economic Forum in Davos about Bitcoin, saying he believes the price will reach millions of dollars in the future. He also said that there is increasing interest among finance ministers in multiple countries to hold Bitcoin. He expects the U.S. to provide clear cryptocurrency regulation and potentially hold Bitcoin as a strategic reserve, prompting other nations to follow suit. Armstrong believes Bitcoin can act as a counterbalance to deficit spending and inflation, providing a safe haven for people. Additionally, he stated that Coinbase will strengthen its support for Solana and offer native support for common use cases like DEX and memecoin trading. On stablecoin regulation, he believes the U.S. might require issuers to fully back their dollar-denominated tokens with U.S. Treasury bonds, which would have a significant impact on companies like Tether. While Coinbase plans to continue offering USDT services, they will delist USDT if new regulations require it.