Coinbase CEO tells WEF why governments should hold Bitcoin

The World Economic Forum doesn't talk about Bitcoin - so I made sure that we did in 2025.

I took the chance to ask if the US will adopt a Bitcoin strategic reserve during the 'Crypto at a Crossroads' session inside this year's WEF conference.

Coinbase's Brian Armstrong remains confident we will see a Bitcoin reserve in America.

Interestingly, South Africa's Reserve Bank Governor Lesetja Kganyago made it evident that many still don't understand the underlying value proposition of Bitcoin.

Armstrong provided an important response:

"Many things have been used as money over the years. I think it's clear at this point that, you know, Bitcoin is a better form of money than gold. It is provably scarce, just like gold, but it's more portable and divisible. So you can actually use it. It was the best performing asset of the last ten years. And so for a store of value, I think it's going to be important for governments to hold this over time. It may not it might start with being 1% of their reserves, but I think over time it'll come to be equal to or greater than gold reserves."