flash on Nostr: ⚡️Coinbase CEO Brian Armstrong has this to say: "Today, Bitcoin's market cap of ...
⚡️Coinbase CEO Brian Armstrong has this to say: "Today, Bitcoin's market cap of ~$2T represents about 11% of gold's market cap of ~$18T.
Bitcoin is a better form of money. It has the decentralization and scarcity of gold, but better divisibility, portability, and (i think) even fungibility. It's relatively harder to tell if gold is pure, or contains some lead in the middle of the bar.
All this leads me to believe that any country with Gold reserves, should be holding at least 11% of that amount in Bitcoin reserves. And I believe in the next 5-10 years Bitcoin's market cap will likely surpass Gold. So these reserves should grow to exceed Gold.
If the US leads here with a Strategic Bitcoin Reserve, I think many of the G20 will follow. Coinbase is available to help any country that wishes to do so. Get in touch."
Bitcoin is a better form of money. It has the decentralization and scarcity of gold, but better divisibility, portability, and (i think) even fungibility. It's relatively harder to tell if gold is pure, or contains some lead in the middle of the bar.
All this leads me to believe that any country with Gold reserves, should be holding at least 11% of that amount in Bitcoin reserves. And I believe in the next 5-10 years Bitcoin's market cap will likely surpass Gold. So these reserves should grow to exceed Gold.
If the US leads here with a Strategic Bitcoin Reserve, I think many of the G20 will follow. Coinbase is available to help any country that wishes to do so. Get in touch."