#Bitcoin Emerges as a New Hedge Against Inflation#

Coinbase CEO Brian Armstrong recently made a series of statements at the World Economic Forum in Davos, arguing that Bitcoin can be a new option to combat inflation. He pointed out that as deficit spending and inflation intensify, people will seek safe havens, and Bitcoin can provide such security. He believes that Bitcoin's price is poised to reach millions of dollars in the long term and expects more institutional investors to enter the market through ETFs and other means. He even stated that President Trump was excited about establishing a strategic Bitcoin reserve and believes that if the United States holds Bitcoin, G20 countries will follow suit. He also mentioned the future trend of stablecoin regulation, believing that the United States may require stablecoin issuers to be fully backed by US Treasury bonds and undergo regular audits. He stated that Coinbase would delist the stablecoin USDT from its US cryptocurrency trading platform if required by law, and plans to continue providing USDT services to help customers access other crypto assets. Overall, Armstrong is optimistic about the future of Bitcoin and cryptocurrencies, and believes they will play an increasingly important role in the global economy.