Following the announcement of the US Strategic Bitcoin Reserve, Coinbase CEO Brian Armstrong believes that the US move will serve as a model for G20 countries to follow.
Incredible execution from the Trump administration and a historic moment for Bitcoin and crypto!
I expect many of the G20 to take notice, and eventually follow America’s leadership. https://t.co/tPdltJ6GKq
— Brian Armstrong (@brian_armstrong) March 7, 2025
The crypto world has been buzzing since the confirmation of the US Bitcoin Reserve, with Armstrong joining the discussion. On the X platform, he stated, “The US government’s move on Bitcoin reserves is of historic significance,” and praised the Trump administration for its “excellent execution” in this regard. He further expressed his expectation that many G20 countries will closely monitor and ultimately follow the US’s lead.
Notably, no G20 country has yet established a crypto reserve. In fact, both Australia and Russia have abandoned plans to create such reserves.
US Congressman Nick Begich also commented on the developments, stating, “We are working with crypto-friendly U.S. Senator Cynthia Lummis to advance important plans for Bitcoin. Stay tuned for the release next Tuesday.” He emphasized the US plans to become the first Bitcoin superpower.
Despite the excitement surrounding these announcements, Bitcoin saw a slight decline in value following news that the US would not be purchasing additional Bitcoin for its reserve. As a result, Bitcoin dropped to as low as $84,979. As of now, Bitcoin is trading at $87,806.