Key Takeaways
- Brian Armstrong predicts Bitcoin will reach 'multiple millions' in value.
- He views Bitcoin as the emerging global gold standard.
- A U.S. Bitcoin reserve could encourage other G20 nations to follow.
Brian Armstrong, CEO of Coinbase, expressed a bold vision for Bitcoin’s future, predicting its value will reach “multiple millions” and position itself as the new gold standard.
Speaking during an event in Switzerland, Armstrong highlighted Bitcoin’s increasing adoption by institutional investors and the influence of Bitcoin ETFs in driving inflows.
Armstrong said:
I think over time, we’ll see Bitcoin get into the millions, multiple millions of price range.
He added that clear legislation in the United States would serve as a major milestone for this growth.
Strategic reserves
Armstrong also emphasized the potential impact of a U.S. strategic Bitcoin reserve, suggesting it could set a precedent for other G20 nations.
He stated:
If the U.S. took that path, probably the rest of the G20 would follow. In fact, I’ve discussed [this concept] with a number of finance ministers here in Switzerland from different countries.
Beyond investment
While Armstrong is optimistic about Bitcoin’s potential, he also noted that the broader scope of digital assets extends beyond investment, particularly in payments.
The prediction underscores Armstrong’s belief in Bitcoin’s enduring significance, even as he acknowledges that the sector encompasses a wider array of applications.
