Coinbase Joins Push For US Bitcoin Reserve To Strengthen Economy

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	2,128,899,696,210	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

2,128,899,696,210

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	4,513.75	4.38%	107,626.85	107,632.88	107,636.84

Price Change

Price Change %

Current Price

Bid Price

Offer

4,513.75

4.38%

107,626.85

107,632.88

107,636.84

High Price	Low Price	Open Price	Prev. Close	52 Week Range
109,356.00	99,460.67	106,900.00	103,113.10	38,501.00 - 108,388.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

109,356.00

99,460.67

106,900.00

103,113.10

38,501.00 - 108,388.88

Exchange	Last Trade	Size	Trade Price	Currency
BSTP	07:52:59	0.000102	107,738.00	USD

Exchange

Last Trade

Size

Trade Price

Currency

BSTP

07:52:59

0.000102

107,738.00

USD

Price x Volume	Volume	Base Symbol	Related Pairs
915,114,263.71	8,845.79	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

915,114,263.71

8,845.79

Coinbase Joins Push For US Bitcoin Reserve To Strengthen Economy

19/01/2025 6:00pm

NEWSBTC

Coinbase, one of the leading cryptocurrency exchanges, has publicly endorsed the concept of a US Bitcoin reserve. This is considered a step toward making Bitcoin an essential strategic asset in the country’s financial future. Related Reading: Bitcoin Spot ETFs See $1.86 Billion Inflows, Extend 3-Week Positive Streak Brian Armstrong, the CEO of Coinbase, has been very open about the need for stricter rules on cryptocurrencies. He has stressed that Bitcoin could be very important to the digital economy. Strategic Asset For A Competitive Edge Armstrong believes that Bitcoin can put the United States at an edge in the global stage. He suggests clear regulation, innovation fostering, and making Bitcoin a part of the national reserve. 🇺🇸 COINBASE ENDORSES US STRATEGIC #BITCOIN RESERVE 🤯 “Armstrong Had Private Meetings With Trump“ pic.twitter.com/FREoWwXzpl — Vivek⚡️ (@Vivek4real_) January 17, 2025 This, he believes, will not only boost the economy but also ensure that America remains ahead of the rest in the digital financial revolution. His statements clearly outline a long-term vision in which cryptocurrencies would be integrated into mainstream financial strategies. A Presidential Push For Crypto? Timing coincides with swelling speculation that the Donald Trump administration might make cryptocurrencies a priority area of adoption. Trump has already expressed a lot of interest in blockchain technology and, thus far, a national Bitcoin reserve falls well within the broader economic agendas he has envisioned. Support coming from such an influential administration would certainly provide enough impetus. Benefits Beyond Investment Advocates argue that such a reserve would stabilize the national economy by providing an alternative to traditional assets during global financial turbulence. Moreover, this could demonstrate commitment by the United States in being the leader in the crypto space. Coinbase’s endorsement indicates that major players in the industry see this as a viable and forward-thinking solution. Related Reading: Bitcoin Reserve In The US: 65% Chance It Happens In 2025 Crypto Regulation As The Cornerstone In order to guarantee the success of such a reserve, Coinbase also emphasized the significance of friendly and transparent regulatory frameworks. The US may be able to draw in more entrepreneurs and institutional investors if the crypto market is less unpredictable. These rules would guarantee that the reserve functions openly and in accordance with national interests. The concept of a Bitcoin reserve sparks intense discussion about cryptocurrencies’ role in the global economy. Featured image from Shutterstock, chart from TradingView

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