- Brian Armstrong sees Bitcoin’s growing adoption as a store of value, predicting it will eventually surpass gold in government reserves.
- Economic challenges like rising inflation and debt fuel the demand for Bitcoin as an alternative to traditional financial systems.
- A large Ethereum transfer to Coinbase highlights the rising institutional interest in Ethereum, demonstrating its significance in decentralized finance.
Recently, the CEO of Coinbase Global, Brian Armstrong, stated on X (formerly Twitter) that Bitcoin is increasing its role in the economy of the entire world, stating that it will be preferable to keep a store of value than gold.
Armstrong focused on the various advantages of Bitcoin compared to conventional assets such as gold, since Bitcoin is portable, divisible, and of greater utility. He predicted that Bitcoin would be integrated into the government reserves, beginning at 1%, and its usage would even outdo gold as the financial core of the world financial systems in due time.
— Vivek
COINBASE CEO SAYS THE US GOVERNMENT WILL OWN OVER $600 BILLION IN #BITCOIN RESERVES
IT’S HAPPENING!!! pic.twitter.com/IjeSDO0jSt(@Vivek4real_) June 22, 2025
Armstrong’s statements highlight growing concerns about the global economy, driven by rising inflation, mounting debt, and shrinking economic freedom. He believes these factors are fueling the usage of cryptocurrencies, notably Bitcoin.
Armstrong states that the mobility and divisibility of Bitcoin present a massive advantage compared to traditional assets such as gold. Over the past decade, Bitcoin has been performing better than some traditional investments, making it an ideal choice for long-term financial security.
Furthermore, he predicts that Bitcoin will become one of the most important assets of governments, and they will hold a large percentage of reserves at some point. He anticipates the benefits of Bitcoin as a store of value to grow, especially when governments and investors look for more options than the traditional financial systems. Although early adoption might be low, Armstrong believes that the integration of Bitcoin into world reserves will increase in the future.
Economic Instability Driving the Demand for Crypto
The global economic situation has driven people to search for alternatives to fiat currencies, which are considered less reliable. Armstrong acknowledged that increased debts, inflation, and economic limits lead to an acute need for digital money.
However, he sees the main issue as economic freedom, the ability of individuals to control their own money. He claimed that the traditional banking systems are less efficient because they attract high charges and delays.
Cryptocurrencies, in contrast, are quick, cheap transfers accessible through smartphones worldwide. Armstrong feels that crypto is a way to empower people, make them take charge of their finances, and make them less dependent on centralized organizations.
Bitcoin’s Struggle in the Market
Bitcoin’s recent market activity shows a significant dip in price. As of June 22, 2025, Bitcoin is priced at $100,985, marking a 1.13% drop. Despite ongoing trading activity, the cryptocurrency has faced consistent downward pressure over the past week, losing 4.24% over seven days. The market sentiment surrounding Bitcoin remains cautious, with decreasing momentum evident from the price charts.
The Relative Strength Index (RSI) currently sits at 38.23, indicating that Bitcoin is oversold. Historically, this has often been a sign that the price could either stabilize or rebound. The cryptocurrency’s price is also approaching the lower Bollinger Band, which suggests a potential reversal point or a temporary halt in the downtrend.
from Crypto News: Bitcoin, Ethereum & Price Data | BlockchainReporter https://ift.tt/WsjuAKr
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