Coinbase CEO: Trump's support for cryptocurrency is forcing global participants to pay more attention.

Odaily Planet Daily reported that Coinbase CEO Brian Armstrong posted on X: "I just wrapped up a marathon of discussions in Davos with leaders, ministers, and CEOs from around the world. This was also a great opportunity for Coinbase to connect with over 50 world leaders and CEOs in one place to discuss how we can help bring cryptocurrency into their countries or companies.

Here are some of my key takeaways:

1. Aside from $Trump, cryptocurrency and artificial intelligence were the most discussed topics in Davos. Flying directly from the inauguration in Washington to Davos, it was clear that cryptocurrency and economic freedom have now become global TOM forces. This energy is palpable, and many are curious about how adopting cryptocurrency as a technology can enhance global economic freedom.


2. $Trump is pushing every participant to raise their game. Essentially, every conversation I had with key market leaders focused on what the $Trump administration plans to do regarding cryptocurrency (e.g., strategic Bitcoin reserves) and how they can avoid falling behind. As the company best positioned to help governments establish strategic Bitcoin reserves (through our custody and trading services), these were valuable touchpoints.


3. Many leaders in emerging markets have a profound understanding that cryptocurrency can create economic freedom for their people and unlock their economic growth potential. Many have observed what President Milei, President Bukele, and President $Trump have done (e.g., new leadership in Canada and Germany will likely follow soon) and understand that free markets are a catalyst for prosperity. Economic freedom is on the rise, and there is clearly an opportunity to establish a coalition of economically free nations, and I want to discuss how Coinbase can help with this movement.


4. The floodgates are opening. Business leaders (banks, asset management firms, payment service companies, etc.) are explicitly stating that they are all accelerating their investments in cryptocurrency. Cryptocurrency allocations will increase, and their efforts to build on the blockchain will also ramp up. Participants and competition in the cryptocurrency space will be more than ever before, and we welcome that. We need cryptocurrency to refresh the entire global financial system and bring these benefits to everyone.


5. Coinbase will have significant upside in this global bull market. My experiences in Davos highlighted the importance of our world-class security and compliance record over the past 12 years to major players. They need institutional partners like Coinbase who can persistently build during bear markets to have the confidence to enter the cryptocurrency space. We are proud to be their partner."