#Bitcoin Emerges as a New Favorite for Inflation Hedging#

Coinbase CEO Brian Armstrong recently made a series of remarks at the World Economic Forum in Davos, which sparked market interest in Bitcoin as an inflation hedge. He believes that Bitcoin can effectively counterbalance deficit spending and inflation, providing a safe haven for people. He expects the price of Bitcoin to reach millions of dollars in the future and pointed out that U.S. President Trump has been positive about cryptocurrencies, and the U.S. may adopt Bitcoin as a strategic reserve, which will all drive up the price of Bitcoin. He also revealed that interest in holding Bitcoin is increasing among finance ministers of multiple countries. In addition, Armstrong also discussed stablecoin regulatory issues, arguing that upcoming U.S. stablecoin regulations may require issuers to fully back their dollar-denominated tokens with U.S. Treasury bonds, which would have a significant impact on stablecoin issuers like Tether. He said that if Tether cannot comply with new U.S. laws, Coinbase will delist USDT. In short, Armstrong's remarks indicate that the potential of Bitcoin as an inflation hedge is being recognized by a growing number of institutions and governments, and the Bitcoin market will see new opportunities for development in the future.