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At the World Economic Forum in Davos, Brian Armstrong, CEO of Coinbase, asserted that Bitcoin (BTC) 
$104,553 is a better form of currency than gold. Armstrong expressed that a “new era” for cryptocurrency has begun.
Comparison of Bitcoin and Gold
In a video shared on the social media platform X, Armstrong explained that Bitcoin is scarce like gold but is more portable and divisible. He added that these features provide Bitcoin with a higher utility.
Armstrong predicted that governments would eventually need to hold at least 1% of their reserves in Bitcoin, with this percentage likely increasing over time. He noted that this situation would enhance Bitcoin’s significance as a store of value.
During an interview on CNBC’s Squawk Box, Armstrong emphasized that a new era for crypto assets has commenced with the first crypto-friendly presidential administration managing D.C. As one of the many crypto executives invited to Trump’s inaugural ball, Armstrong stated that the crypto industry is ready for clearer regulations.
“Bitcoin is clearly a better form of currency than gold. Its scarcity is proven, and it is more portable and divisible.” — Brian Armstrong
Armstrong mentioned that the crypto sector has faced uncertainty and lack of regulation over the last four years, but he believes this will change with the new administration. He added that they will continue working with good actors and strive for certain laws to be adopted in the U.S.
Shifts Within the Industry
Armstrong stated that the crypto sector has overcome previous challenges, and a clearer roadmap now exists. He indicated that the industry will operate with a stronger focus on stability and growth in this new phase.
As the adoption of cryptocurrencies increases, it is expected that governments will also tend to hold these crypto assets in their official reserves. This could strengthen Bitcoin’s position within the global financial system.
The portability and divisibility of Bitcoin make it a more practical currency compared to gold. Holding Bitcoin in government reserves is seen as a significant step toward the acceptance of digital assets.
