#Bitcoin Emerges as a New Favorite for Inflation Hedging#

Coinbase CEO Brian Armstrong recently made a series of statements about Bitcoin and stablecoins at the World Economic Forum in Davos, attracting widespread attention. He believes Bitcoin can be a tool to combat deficit spending and inflation, and predicts that its price will reach millions of dollars in the future. He noted that interest in holding Bitcoin is growing among finance ministers of many countries, and believes that the United States holding Bitcoin would encourage other G20 countries to follow suit. Armstrong also stated that he expects the United States to introduce clearer stablecoin regulations, potentially requiring issuers to be fully backed by US Treasuries and undergo regular audits. He believes that Tether could be impacted by the new regulations, and Coinbase would delist USDT if it fails to comply with the new US laws. Despite this, Coinbase still plans to continue offering USDT services to help customers access other crypto assets. Armstrong's statements suggest that he is bullish on Bitcoin's future development and believes that cryptocurrency will continue to receive increasing attention and investment.