Coinbase Urges U.S. Bitcoin Reserve, Predicts “Digital Arms Race”

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In a recent development, coinbase coinbase - support@coinbase.com WalletCentralised Exchange , the largest cryptocurrency exchange in the United States, has come out in support of creating a U.S. strategic Bitcoin reserve. This endorsement comes just ahead of Donald Trump’s second inauguration and Brian Armstrong’s trip to the World Economic Forum. This is also the first time Coinbase has directly addressed the idea of a strategic Bitcoin reserve. 

With major political events on the horizon, could this move set something in motion? Keep reading to find out.

We Must Recognize Crypto’s Potential!

In a blog post published Friday, Coinbase CEO brian armstrong brian armstrong Brian Armstrong is one of the most well-known figures in the crypto industry today. He is an American investor, entrepreneur, and business executive. He is the CEO of Coinbase, a cryptocurrency platform. He is also a sought-after crypto expert and is often invited to speak at conferences all over the globe. Details: Organization: Coinbase Location: United States Education: Master’s Degree in Computer Science from Rice University and Bachelor’s Degree in Computer science and economics from Rice University Skills: Ruby and Javascript Experience: CEO & Co-Founder of Coinbase from Jun 2012 to Present Technical Product Manager at Airbnb from May 2011 to Jun 2012 CEO and Cofounder of UniversityTutor.com from Aug 2003 to May 2012 FAQ's 1.What is the net worth of Armstrong? Armstrong has a net worth of $2.4B   EntrepreneurInvestorDeveloper/ProgrammerCrypto and Blockchain Expert urged world leaders to recognize the benefits of cryptocurrency. He stressed that embracing crypto could help accelerate economic freedom.

“Economic growth comes from free market capitalism, deregulation, small government, and technological innovation,” he noted. “If the rest of the G20 wishes to participate in economic prosperity, they would be wise to join the growing trend of embracing economic freedom and free markets.“

Armstrong Outlines Four Actions

Armstrong outlined four key actions he believes leaders should take to promote a tech-optimist future. The first is passing pro-crypto laws that encourage innovation and growth in the sector. The second is launching a strategic Bitcoin reserve, which Armstrong calls essential for the future of the global economy.

“The next global arms race will be in the digital economy, not space,” he writes in the post.

Armstrong also suggested creating special economic zones focused on the digital asset economy. He expressed support for the new Department of Government Efficiency (DOGE), led by Elon Musk, highlighting the need for more efficient government systems.

The Push for Pro-Crypto Policies

Coinbase, led by Armstrong, has been a strong advocate for pro-crypto policies and regulation, especially in opposition to the SEC. Recently, Coinbase launched Bitcoin loans for U.S. users. 

The launch allows users in the United States to get BTC loans directly from the cryptocurrency exchange. As the U.S. focuses more on Bitcoin’s future, several states are exploring crypto options, including proposing strategic Bitcoin reserves.

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With global leaders eyeing the digital economy, the conversation about Bitcoin’s role in shaping future markets is just beginning.