Brian Armstrong, CEO of Coinbase, organized a debate in Coinbase House with historian Niall Ferguson and the former United Kingdom George Osborne.
This week in Davos, Brian ArmstrongCEO of Coinbaseorganized a debate in Coinbase House with historian Niall Ferguson and the former United Kingdom George Osborne.
The conversation explored why Armstrong He believes that “people will flee to Bitcoin in search of security” if US deficit spending and inflation get out of control. This conversation comes just after Brian’s economic freedom manifesto and the article in X (former Twitter) about why this change came at a critical moment for the new pro crypto administration.
The main predictions on the crypto market
Armstrong argued that Bitcoin It could act as a control over runaway public spending and inflation. “If they get too out of control, people will flee to Bitcoin In search of security, “he said.
The expert also proposed the idea of A sovereign fund in which each American citizen receives a part when he turned 18 to align incentives and create a broader economic participation.
During his participation, he also pointed out that The volume of the stablcoins amounted to $30 million last year, the triple that in 2023which shows its potential to revolutionize payments.
Armstrong’s comments resonated in Davos, and the CEO of Blackrock, Larry Fink, referred to Bloomberg TV conversation. Fink said customers, including sovereign funds, are asking the question: “Should we assign 2% or 5% to Bitcoin?” And he speculated that generalized adoption could carry the value of Bitcoin Au $ S500,000.
Today in X, Armstrong published that countries with gold reserves should have at least 11% of reserves in Bitcoinand that its market capitalization “will probably overcome gold in the next 5-10 years.” He continued saying that if the US leads with a strategic Bitcoin reserve, many G20 countries will probably follow him.
Source: Ambito
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