#Coinbase CEO Discusses Bitcoin's Future Prospects#

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Coinbase CEO Brian Armstrong recently made several statements about Bitcoin and cryptocurrency during the World Economic Forum in Davos. He believes Bitcoin can be a safe haven asset against deficit spending and inflation and predicted its price will reach millions of dollars. He also said the US government has shown interest in holding Bitcoin as strategic reserves and expects stricter stablecoin regulation in the future, potentially requiring issuers to be fully backed by US Treasuries. Armstrong also stated that Coinbase would delist USDT from its US cryptocurrency trading platform if new US legislation required it. Additionally, he believes President Trump is excited about building a strategic Bitcoin reserve and said the world is moving toward a Bitcoin monetary standard.

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Coinbase CEO Brian Armstrong recently shared a series of views on Bitcoin and cryptocurrency at the World Economic Forum in Davos. He believes Bitcoin could be a safe haven against deficit spending and inflation, and predicts the price of Bitcoin will reach millions of dollars. He noted that many national finance ministers have expressed interest in holding Bitcoin, and believes that the US holding Bitcoin would encourage other G20 nations to follow suit. He also discussed stablecoin regulation, believing that in the future the US may require stablecoin issuers to be fully backed by US Treasury bonds, and stated that Coinbase would delist USDT if legally required. Additionally, Armstrong said that President Trump was excited about establishing a strategic Bitcoin reserve, and believes that the world is moving towards a Bitcoin monetary standard. However, some analysts are concerned about Coinbase's excessive regulation, arguing that it goes against the nature of cryptocurrency. CryptoQuant CEO Ki Young Ju believes that self-regulation based on customer trust is better in the crypto world, which is why Binance is popular worldwide.

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Classic Views

Bitcoin can be used as a hedge against deficit spending and inflation, providing a safe haven for people.

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Bitcoin price is expected to reach millions of dollars in the long term, and institutional investors will continue to enter the market.

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The US government may consider Bitcoin as a strategic reserve asset, and may require stablecoin issuers to fully back their stablecoins with US Treasury bonds.

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Stablecoin regulation is about to be introduced, and Coinbase will delist stablecoins that do not meet regulatory requirements.

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