Summary
- Coinbase CEO Brian Armstrong said he emphasized the structural independence of Bitcoin (BTC).
- Armstrong said Bitcoin has no issuing entity and a fixed supply, making it more independent than central banks.
- He said Bitcoin is a store of value similar to gold, and that competition with fiat currency is healthy competition that broadens individuals’ choices.
According to Crypto Basic, a digital-asset (cryptocurrency) media outlet, on the 21st (local time), Coinbase CEO Brian Armstrong emphasized Bitcoin’s structural independence.
Speaking at the World Economic Forum (WEF) in Davos, Switzerland, Armstrong said, "Bitcoin cannot be controlled by individuals or institutions, and is more independent than central banks."
He explained, "Bitcoin has no issuing entity and its supply is fixed, a structure that prevents currency value dilution," adding that "it can be seen as a store of value similar to gold."
However, on the relationship between fiat currency and digital assets, Armstrong said, "Competition between the two is healthy competition that broadens individuals’ choices."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
