Coinbase CEO: ‘I’m Confident’ Bitcoin Will be on Upward Trend in Long-Term

EXCERPT:

ARMSTRONG: “Yeah. Well, it’s true. In the past, you know, the U.S. government has ended up holding Bitcoin and other crypto assets due to various agencies and law enforcements that have a reason for it. But in this new Strategic Bitcoin Reserve, they’re actually planning to buy new Bitcoin in a tax-neutral way or a budget-neutral way so that it doesn’t affect the taxpayer. That’s a really big deal. Now, I was surprised, as you were, you know, if the United States government came out and said it’s going to be a holder of Bitcoin indefinitely and actually a buyer of Bitcoin in a budget-neutral way, I would have expected the price to rally even — short-term, I’m confident that in the long-term, this is going to be an upward trend for Bitcoin.”