Coinbase CEO Makes Stunning Bitcoin Statement in Davos
Analysis
Price Impact
HighBrian armstrong, ceo of coinbase, making a statement at the world economic forum about the 'bitcoin standard' replacing the legacy financial system carries significant weight and can positively influence investor sentiment, especially among institutional players.
Trustworthiness
HighAs the ceo of one of the largest cryptocurrency exchanges, brian armstrong's insights are highly credible and well-informed, reflecting a deep understanding of the market and global financial trends.
Price Direction
BullishArmstrong's assertion that bitcoin represents 'sound money' and an 'inflation-resistant' alternative to fiat currencies, serving as a 'check and balance on deficit spending,' is fundamentally bullish for bitcoin's long-term valuation and adoption.
Time Effect
LongThe 'bitcoin standard' replacing the legacy financial system is a long-term macro trend and vision, suggesting a gradual, sustained positive impact rather than an immediate price surge. it reinforces bitcoin's long-term investment thesis.
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Cover image via U.Today Read U.TODAY on Google News Coinbase CEO Brian Armstrong is convinced that the "Bitcoin standard" is already replacing the legacy financial system. Advertisement He has noted that people tend to think that people tend to think that the current system, where central banks do not have links to any hard commodity underneath, is "sacrosanct." However, it was created relatively recently when former US President Richard Nixon went off the gold standard in 1971. Armstrong believes that fiat currencies will continue to exist "for a long time," but a new monetary system is already emerging. HOT Stories Morning Crypto Report: Shiba Inu (SHIB) Price Suggests Bullish U-Turn in February, XRP Insider Signal? Ripple Boss Flirts With Community, Bitcoin Rockets 940% in Brutal $359 Million Liquidation Squeeze BREAKING: Ripple’s RLUSD to Be Listed by Binance Novogratz: Bitcoin Is 'Disappointing' Ripple President Makes Major Stablecoin Prediction "We are also seeing the birth of a new monetary system that I would call the 'Bitcoin standard' instead of the gold standard," he said while speaking during a panel at the World Economic Forum (WEF) that is currently taking place in Davos, Switzerland. Advertisement When it comes to the crypto space, this marks a return to sound money, which is something that is inflation-resistant. You Might Also Like Tue, 01/20/2026 - 20:16 Coinbase Boss Doubles Down on $1 Million Bitcoin Price Prediction By Alex Dovbnya Western democracies are currently facing major problems with budget deficits, Armstrong adds. "There is a real segment of the population that is looking for a new system based on hard money," Armstrong adds. Advertisement Crypto is good for fiat currencies During the panel discussion, Armstrong stated that crypto is actually good for fiat currencies. "I think that crypto is very good for fiat currencies. It's very good. Bitcoin is as good as a check and balance on deficit spending," he said. In general, crypto is going to be "very complementary," according to the Coinbase boss. #Brian Armstrong