Coinbase CEO Predicts G20 Nations Will Follow U.S. in Establishing Crypto Reserves
Brian Armstrong, CEO of Coinbase, has suggested that the majority of G20 nations will likely be inclined to follow the U.S.’s lead and establish their own digital asset reserves. Armstrong stated this while...
Brian Armstrong, CEO of Coinbase, has suggested that the majority of G20 nations will likely be inclined to follow the U.S.’s lead and establish their own digital asset reserves.
Armstrong stated this while commending the Donald Trump administration in a post on X for creating the digital asset reserve. He called the move a “historic moment for Bitcoin and crypto.”
Trump’s executive order established a digital asset reserve comprised of a Bitcoin-only reserve and an altcoin stockpile. The order mandates that Bitcoin and other altcoins—such as Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA)—acquired through civil and criminal forfeitures be held as long-term assets. The strategy ensures that taxpayer money is not used to build the reserve.
According to David Sacks, the White House Crypto Czar, the government plans to expand its Bitcoin holdings using a budget-neutral approach without purchasing more altcoins beyond those already obtained through forfeitures.
The U.S. policy shift could encourage G20 nations to adopt similar strategies, potentially accelerating global acceptance of crypto assets. However, some countries have already dismissed the idea of a national Bitcoin reserve.
Christine Lagarde, President of the European Central Bank (ECB), stated that Bitcoin will not be included in the official reserves of central banks within the European Union (EU). She made this remark in response to Aleš Michl, Governor of the Czech National Bank (CNB), who suggested that Bitcoin could be added to the CNB’s foreign exchange reserves as a diversification strategy. Lagarde rejected the idea, asserting that Bitcoin fails to meet the necessary criteria set by the ECB or any other EU national central bank.
Similarly, Japan had previously dismissed the idea of a Bitcoin reserve, arguing that crypto does not function as a foreign exchange asset. However, the U.S. shift may prompt reconsideration.
Meanwhile, China is reportedly accelerating its efforts to establish its own strategic Bitcoin reserve. According to Bitcoin Magazine publisher David Bailey, who also advises the Trump campaign on Bitcoin strategy, Chinese officials have been holding closed-door meetings on the topic since the US election.
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