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Benzinga
Benzinga
Business
Kaustubh Bagalkote

Trump's Bitcoin Reserve Just 'Legitimized It'—Coinbase CEO Brian Armstrong Says G20 Nations Now Rushing To Build Their Own BTC Stockpiles

COIN Brian Armstrong Donald Trump Bitcoin G20 Coinbase United States Nasdaq Executive Order Crypto
The Coinbase Trade

Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong said other G20 nations are now examining Bitcoin (CRYPTO: BTC) reserves following President Donald Trump‘s establishment of a Strategic Bitcoin Reserve through executive order.

What Happened: “Now that the U.S. is doing this I think like the rest of the G20 countries and central banks are all starting to look at this. It just kind of instantly legitimized it,” Armstrong said Monday on the Shawn Ryan Show. The CEO noted that Trump’s move represents a dramatic shift from government skepticism just five years ago.

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