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Sujit Kumar
Dec 5, 2024
by Sujit Kumar

Bitcoin's Resilience: Brian Armstrong Highlights Its Long-Term Value

Brian Armstrong

Table of contents

  1. Bitcoin in Strategic Reserves?
  2. Coinbase’s Crypto Holdings
  3. Bitcoin's Role in Global Finance
Brian Armstrong, CEO of Coinbase, recently highlighted Bitcoin's remarkable growth, reflecting on its resilience over the past decade. According to Armstrong, a $100 Bitcoin investment in 2012, the year Coinbase was founded, would now be worth approximately $1.5 million. He emphasized Bitcoin's potential as a hedge against inflation, contrasting its growth with fiat currency's declining purchasing power.

Bitcoin in Strategic Reserves?

Armstrong also suggested that governments explore adding Bitcoin to their strategic reserves, calling it the best-performing asset of the last 12 years. He noted that Bitcoin remains in the early stages of adoption and development, leaving significant room for further growth.

Coinbase’s Crypto Holdings

When asked about Coinbase’s investment in Bitcoin, Armstrong pointed to the company’s financial disclosures. Coinbase holds $1.26 billion in crypto assets, including 9,363 BTC (valued at $959.94 million) and 119,696 ETH (worth $462.03 million). These assets have risen 12.85%, or $161.97 million, in just two months, reflecting the strong performance of crypto markets.

Bitcoin's Role in Global Finance

This milestone has reignited discussions about Bitcoin's position in the global financial ecosystem. Armstrong and other industry leaders advocate for broader adoption, citing Bitcoin's resilience and long-term value as key attributes. As Bitcoin continues to evolve, its role as a disruptor in traditional finance becomes increasingly evident.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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Bitcoin's Resilience: Brian Armstrong Highlights Its Long-Term Value
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.