The American stock market-traded cryptocurrency platform Coinbase Exchange has supported the proposals put forward by President-elect Donald Trump to create a strategic Bitcoin reserve within the U.S. According to Axios, Brian Armstrong, the co-founder and CEO of Coinbase, has emphasized the potential economic benefits this move could bring for the country.
Bitcoin Strategic Reserve: Tool for Economic Freedom
As reported exclusively by Axios, the CEO of Coinbase thinks Bitcoin could bring significant advantages to the nation. He is convinced that this digital currency has the potential to fuel market capitalism, thereby benefiting various crucial stakeholders.
He stated that a nation’s financial progress typically stems from free-market capitalism, minimal government intervention, deregulation, and technological advancement. For the other G20 countries to share in economic growth and prosperity, it would be prudent for them to follow suit by adopting the increasing practice of championing economic liberty and open markets.
In consideration of creating these reserves, Donald Trump is considering the formation of a council made up of top professionals from the cryptocurrency sector.
This is a developing story, please check back for updates!!!
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2025-01-17 22:45