Coinbase CEO Predicts Bitcoin as Future Global Reserve Currency
Coinbase CEO Brian Armstrong asserted that the world “needs crypto,” highlighting Bitcoin’s potential to evolve into a global reserve currency. Speaking at a major industry conference, Armstrong argued that Bitcoin’s fixed supply, strong security and borderless nature make it a viable hedge against inflation and geopolitical risk. He noted increasing institutional adoption, with major funds and corporations adding BTC to their balance sheets. Armstrong also called for clearer regulation to foster innovation and protect investors, urging governments to recognize crypto’s role in the financial system. His remarks come as Bitcoin’s price holds near all-time highs, fuelled by growing demand and mounting concerns over fiat currency devaluation.
Bullish
Brian Armstrong’s endorsement of Bitcoin as a future global reserve currency is likely to boost market confidence. Historically, prominent bullish statements from industry leaders—such as Michael Saylor’s advocacy—have led to increased institutional inflows and price rallies. Armstrong’s call for clearer regulation may also reduce uncertainty, encouraging capital allocation into BTC. In the short term, this positive sentiment can drive price spikes and trading volume. Over the long term, recognition of Bitcoin’s role in portfolios and potential regulatory clarity could underpin sustained demand and price appreciation.