Coinbase CEO Brian Armstrong says Bitcoin is “a better form of money”

Armstrong explained on X this Thursday that the market capitalization of Bitcoin, at around $2 trillion, or about 11% of the market capitalization of gold, at around $18 trillion, positions it as a superior form of currency. due to decentralization, rarity, divisibility, portability and improved fungibility relative to gold. According to him, it is also easier to check its purity than gold.

At the World Economic Forum in Davos, Armstrong predicted that Bitcoin will surpass gold valuation within five to ten years and believes its adoption as a reserve asset will encourage other G20 nations to follow suit. He has also offered Coinbase’s assistance to any government exploring such an initiative. Armstrong has placed Bitcoin on a higher pedestal than gold, claiming that Bitcoin is a better form of currency.