Coinbase Exchange endorses the concept of a strategic Bitcoin reserve, with CEO Brian Armstrong highlighting that cryptocurrency reflects economic freedom.
Coinbase, the largest cryptocurrency exchange in the United States, advocates establishing a strategic Bitcoin reserve for the nation. On Friday, CEO Brian Armstrong published a blog post on Axios advocating for “economic freedom” and endorsing the creation of this reserve.
Coinbase & Strategic Bitcoin Reserve Establishment
This endorsement marks the inaugural occasion on which the company has explicitly addressed the concept of a strategic Bitcoin reserve. The endorsement is issued immediately before Donald Trump‘s second inauguration and Armstrong’s attendance at the World Economic Forum.
He stated that economic development results from the principles of free market capitalism, the reduction of regulatory barriers, minimal governmental intervention, and advancements in technological innovation.
“If the remaining members of the G20 aspire to partake in economic prosperity, it would be prudent for them to align with the increasing trend of adopting economic freedom and free market principles.”
CEO Brian Armstrong outlines Four Steps To Safeguard Crypto
Significantly, Armstrong advocates for global leaders to undertake four initiatives embodying a spirit of technological optimism, commencing with the enactment of legislation designed to retain cryptocurrency firms within their respective nations.
The initial step would involve enacting pro-cryptocurrency regulations, fostering innovation, and facilitating growth within the cryptocurrency sector. Secondly, a strategic reserve of Bitcoin should be established. He articulates in the post, “The forthcoming global arms race will occur within the digital economy rather than in outer space.”
Armstrong advocates for creating specialized economic zones tailored to the digital asset economy. Armstrong endorsed the newly established Department of Government Efficiency (DOGE) under the leadership of Elon Musk, highlighting the necessity for enhanced governmental efficiency.
