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

Published by
Nidhi Kolhapur

In a recent development, coinbase , 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 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.

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

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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