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

In a recent development, coinbase coinbase - [email protected] 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 the CEO of Coinbase Global, the biggest bitcoin exchange in the US. He is a former software developer for Airbnb. In 2012, Brian teamed up with Fred Ehrsam and launched Coinbase in San Francisco. Even though co-founder Fred Ehrsam left the company in 2017, he remains a board member and owns 6% of the business. On April 14, 2021, Coinbase went public through a direct offering on the Nasdaq. Soon it momentarily hit $100 billion in market capitalization. About 19% of company shares are owned by Armstrong. Quick Facts Full name Brian Armstrong Birth January 25, 1983 in San Jose, California, U.S. Education Bachelor of Arts/Economics, Master of Arts/Science, Rice University Nationality American Martial Status Married Net Worth $11.9B (Refer for real-time) He supports the need for clear regulations and policies for cryptocurrency trading and decentralized transactions. Brian has collaborated with diplomats to formulate the policies. He continues to contribute to the crypto community and blockchain technology. Brian Armstrong: Timeline of events 2010: Discovered Bitcoin – Read the Bitcoin whitepaper and became interested in decentralized finance. 2012: Co-Founded Coinbase – Launched Coinbase with Fred Ehrsam to simplify Bitcoin buying and selling. 2015: Expanded Coinbase Services – Introduced Coinbase Exchange and support for multiple cryptocurrencies. 2017: Led Coinbase Through Crypto Boom – Scaled operations as Bitcoin surged to $20,000, making Coinbase a top exchange. 2021: Coinbase IPO on NASDAQ – Took Coinbase public (COIN) at a $86B valuation, marking a major crypto milestone. 2022: Advocated for Crypto Regulation – Engaged with lawmakers to promote clear crypto regulations in the U.S. 2023: Launched Coinbase’s Layer-2 ‘Base’ – Introduced Base, a Layer-2 blockchain to improve Ethereum scalability. 2024: Pushing for Global Crypto Adoption, Married to Angela Meng. Year Award/Notable Work Details 2012 Co-Founded Coinbase Built one of the world’s largest cryptocurrency exchanges. 2017 Fortune 40 Under 40 – Technology Recognized for leadership in the crypto industry. 2021 Coinbase IPO on NASDAQ Took Coinbase public with an $86B valuation, a first for a major crypto company. 2021 Time 100 Most Influential People Listed for his impact on mainstream crypto adoption. 2023 Launched Coinbase’s Layer-2 ‘Base’ Introduced a Layer-2 blockchain to enhance Ethereum scalability. Useful Links to Connect With Brian Armstrong Platform Link X (formerly Twitter) https://twitter.com/brian_armstrong LinkedIn https://www.linkedin.com/in/brianarmstrong Coinbase Official Website https://www.coinbase.com Brian Armstrong’s Personal Blog https://brianarmstrong.com   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.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

Subscribe to News

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