Bitcoin has hit a record high of over $100,000 as U.S. President Donald Trump takes office. Coinbase CEO Brian Armstrong has predicted that bitcoin’s market value could surpass gold’s $18 trillion in the next 5–10 years.
Armstrong made this prediction while supporting Trump’s plan for a U.S. bitcoin reserve. He suggested countries should hold at least 11% of their gold reserves in bitcoin. “Bitcoin could become as foundational as gold to the global economy,” Armstrong said.
The U.S. government currently holds 200,000 bitcoins worth $21 billion, seized from criminal operations. Trump has proposed building a national bitcoin stockpile, calling it crucial for the digital economy.
At the World Economic Forum in Davos, Armstrong also predicted that bitcoin’s price could reach “multiple millions” as more countries follow the U.S. in building reserves. “The next global competition will be in the digital economy, not space,” Armstrong stated.
Trump has promised to reform crypto regulations and explore the creation of a national cryptocurrency stockpile. Many believe this could trigger a bitcoin revolution, with sovereign wealth funds and governments adopting bitcoin as a key asset.
Bitcoin’s rising value highlights its potential to become a new global standard, changing how nations view digital currencies.
Follow on Google News
Leave a comment