‘Pivotal Moment’ – Coinbase CEO Predicts When Bitcoin Price Could Upend $18 Trillion Gold Price

Bitcoin has risen since the election of US President Donald Trump last year. Hopes are rising that Trump may be about to shake up the Bitcoin game.

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The price of Bitcoin has soared past $100,000 per bitcoin, hitting a new all-time high ahead of Trump’s inauguration. The CEO of the world’s largest asset management company, BlackRock, revealed that sovereign wealth funds are exploring Bitcoin.

now, At a time when the Federal Reserve is facing a new dollar crisisThe CEO of major bitcoin and cryptocurrency exchange Coinbase predicted when the price of bitcoin could upend the $18 trillion price of gold.

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“Any country with gold reserves should hold at least 11% of that amount in bitcoin reserves,” Armstrong said. to publish To X in response to criticism of Trump’s plan to create a national Bitcoin reserve. “And I believe that over the next five to 10 years, the market cap of bitcoin will likely exceed gold. So these reserves should grow beyond gold.”

In December, Trump He confirmed that he plans to create a strategic reserve of Bitcoin in the United States. “We’re going to do something great in crypto because we don’t want China or anyone else…but others embracing it, and we want to be ahead of the curve,” Trump said. He said CNBC.

In July, Republican candidate Donald Trump promised to create a “Strategic National Bitcoin Reserve” and predicted that Bitcoin would do just that. Gold’s $18 trillion market cap trumps during an appearance at the Bitcoin 2024 conference.

Armstrong supported the idea of ​​creating a strategic bitcoin reserve in the United States, calling it part of a plan that would “bring economic freedom to the world” and that comes at a “pivotal moment” in history.

“The next global arms race will be in the digital economy, not space,” Armstrong wrote.

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ForbesBlackRock CEO Reveals Talks About Bitcoin for Sovereign Wealth Funds — Expects $14 Trillion as Prices Surge on Dollar Collapse Fearsby Billy Bambrough

“Bitcoin could be as fundamental to the global economy as gold, and will become an essential element of national security in a world where bitcoin holdings could shift the balance of power between nation-states. Governments will race to build strategic bitcoin reserves, secure and upgrade their national capabilities.” economies while those who do not have them will lose ground in the digital age.”

Meanwhile, to talk to CNBC On the sidelines of the World Economic Forum in Davos this week, Armstrong predicted that the price of Bitcoin could reach “several million” as US Bitcoin reserves cause the rest of the G20 countries to follow suit.

“If the United States takes this path, the rest of the G20 will likely follow suit,” he said. “I think Bitcoin has a long way to go, it will be the new gold standard out there, but cryptocurrencies are much bigger than that as well.”