Brian Armstrong, CEO of Coinbase, says that the plans of US President Donald Trump for Cryptocurrencies were the most important topic of conversation during the World Economic Forum (WEF) in Davos. Armstrong emphasized that Trump’s vision forces industry and broader financial markets to revise their strategies.
In a post on X reflected Armstrong at the conference, in which he noticed: “Almost every conversation I had with large market leaders was about what the Trump government is planning with Crypto. President Trump forces everyone to walk a step faster. “
New impulses for the Cryptomarkt
During his first public performances as president, Trump promised to make the “world capital of artificial intelligence and crypto”. One of the plans discussed is the possible creation of a strategic Bitcoin reserve, which was mentioned by Armstrong as an important example. A recent executive order from Trump calls for the formation of a working group for digital assets, which stirs speculation that other cryptocurrencies are also eligible for strategic storage.
Armstrong praised leaders such as Argentinian President Javier Milei and Salvadoran President Nayib Bukele, who, according to him, also understand the potential of free markets. “Socialism is on its way to the exit,” Armstrong added.
Financial institutions accelerate crypto investments
According to Armstrong, financial institutions such as banks, asset managers and payment companies have made it clear that they are accelerating their investments in crypto. He noted that competition within the sector is increasing: “There are more players and more competition than ever in Crypto, and we welcome it all. We need crypto to renew the global financial system and bring benefits for everyone. ”
Despite the growing interest, regulations remain a stumbling block. Goldman Sachs CEO David Solomon stated on the Wef that banks cannot currently possess or trade Bitcoin due to existing rules. He called Bitcoin an “interesting speculative Activum,” but emphasized the limitations that the sector is still experiencing.
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Source: https://newsbit.nl/trump-jaagt-cryptosector-op-iedereen-moet-harder-lopen-zegt-coinbase-ceo/
