Following the announcement of the US Strategic Bitcoin Reserve, Coinbase CEO Brian Armstrong believes that the US transfer will function a mannequin for G20 nations to observe.
US Declares Strategic Bitcoin Reserve
Unbelievable execution from the Trump administration and a historic second for Bitcoin and crypto!
I count on most of the G20 to take discover, and finally observe America’s management. https://t.co/tPdltJ6GKq
— Brian Armstrong (@brian_armstrong) March 7, 2025
The crypto world has been buzzing for the reason that affirmation of the US Bitcoin Reserve, with Armstrong becoming a member of the dialogue. On the X platform, he acknowledged, “The US authorities’s transfer on Bitcoin reserves is of historic significance,” and praised the Trump administration for its “glorious execution” on this regard. He additional expressed his expectation that many G20 nations will intently monitor and in the end observe the US’s lead.
Notably, no G20 nation has but established a crypto reserve. The truth is, each Australia and Russia have deserted plans to create such reserves.
US Congressman Nick Begich additionally commented on the developments, stating, “We’re working with crypto-friendly U.S. Senator Cynthia Lummis to advance essential plans for Bitcoin. Keep tuned for the discharge subsequent Tuesday.” He emphasised the US plans to develop into the primary Bitcoin superpower.
Regardless of the joy surrounding these bulletins, Bitcoin noticed a slight decline in worth following information that the US wouldn’t be buying extra Bitcoin for its reserve. Because of this, Bitcoin dropped to as little as $84,979. As of now, Bitcoin is buying and selling at $87,806.