Bitcoin reserve US will inspire most G20 countries, says Coinbase CEO

With their strategic Bitcoin (BTC), the United States has thrown a big stone into the pond. According to Brian Armstrong, CEO of Coinbase, this is not just a milestone for Bitcoin, but a move that can have major economic consequences.

America sets the tone with BTC reserve

Armstrong sees current development as a catalyst that will move other superpowers. He expects that most G20 countries, or the largest economies in the world, cannot ignore this example and will soon also build up their own Bitcoin reserves, he says in a recent X Post.

With the implementation order that was signed last night, it became clear that in addition to BTC, a digital assets stock with altcoins such as Ethereum (ETH), XRP, Solana (SOL) and Cardano (ADA) is also arrested.

What makes this step striking is that the cryptos are not purchased with tax money. Instead, they come from civil and criminal seizures. Moreover, the US government has a plan to further grow its Bitcoin stock, and that without extra state spending. How exactly? That is not yet clear.

International impact on the crypto market

Although the announcement initially caused a price drop of 6%, this could accelerate the advance of Bitcoin in the long term. Now that the US government is actively possessing the digital currency, a ban is becoming increasingly unlikely. In fact, this can cause a Domino effect in which countries embrace one by a crypto.

If the rest of the G20 follows the American strategy, it can logically give a huge boost to the worldwide adoption of Crypto. We are not talking about random countries here, but about economic superpowers such as Germany, China, India and Japan. If these countries step into the race, it would cause a huge buying pressure, and thus an explosive rise in the Bitcoin course in the long term.

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