Bitcoin reserves become the "new gold standard"! Coinbase CEO: The United States has regained its financial leadership, and G20 countries are expected to follow suit

US President Donald Trump officially announced the establishment of the Strategic Bit Reserve and plans to purchase Bit through "budget-neutral" means, without increasing the tax burden on taxpayers. Coinbase CEO Brian Armstrong stated that this will bring about a major transformation in global finance, with Bit becoming the "new gold standard", and other G20 countries will also follow suit.

The US Government Officially Embraces Bit

At the White House Digital Assets Summit held on 3/7, participants included senior US government officials, technology and finance leaders, focusing on how to help the US regain its global leadership position in the digital assets sector. Armstrong pointed out that in contrast to the Biden administration's strict crackdown on the crypto industry, the Trump administration has shown a completely different attitude, even directly promoting the establishment of a national-level Bit reserve. The US government's Bit strategic reserve policy includes:

• "Budget-neutral" purchase of Bit, without affecting the tax burden on taxpayers.
• Will not sell the Bit held by law enforcement agencies, but will incorporate them into the official reserve.
• Plans to hold about $17 billion worth of Bit, currently from law enforcement seizures.
• Strengthen the US's position in the digital asset market, attracting more capital inflows.

Armstrong believes that this policy will allow the US to regain its global financial technology leadership position, and will also prompt other key countries to follow suit, further promoting Bit to become the "new gold standard".

(Note: "Budget-neutral" means that there will be no additional government spending or tax increases, but funds will be raised through other means to ensure that this plan does not impose an additional burden on taxpayers.)

Coinbase Plans to Expand Hiring, the US Crypto Industry Welcomes a Turnaround

With the active support of the Trump administration, Coinbase announced that it will expand its business in the US and plans to add 1,000 new jobs. Armstrong emphasized that without this policy shift, the US crypto industry might have already moved completely overseas. He believes that the key to the current industry recovery is:

• Regulatory clarity: Congress is actively promoting market structure bills to provide a clear legal framework for digital assets.
• Stablecoin legislation: Plans to launch a digital US dollar to maintain the US dollar's status as a global reserve currency.
• Companies returning to the US: Attracting large crypto companies to establish operations in the US, creating more jobs.

Armstrong stated that this is the most "pro-crypto" Congress in US history, and the progress of legislation will determine the future competitiveness of the US in the global digital finance market.

How the US Government Will Hold Bit, Coinbase May Participate in Custody

The way the US government holds Bit has attracted market attention, and the outside world speculates that Coinbase may become the official Bit custodian. However, Armstrong said that the government has not yet decided which company will be responsible, and emphasized that the most suitable custodian partner should be selected through a "fair and transparent process". The following are possible Bit management mechanisms:

• The government may choose multiple custodians, rather than a single provider.
• Coinbase has previously provided crypto asset custody services to the US government and is likely to participate in the bidding for this program.
• The US government will not sell the seized Bit, but will incorporate them into the strategic reserve.

Armstrong believes that this policy design is fair and can also give the market more confidence in the US government's digital asset policies.

Bit Short-term Volatility, Long-term Trend Upward

Although the US government has announced the establishment of a Bit reserve, the Bit price did not immediately rise significantly, and even experienced selling pressure at one point. Armstrong analyzed that the market may need time to digest the impact of this policy, but in the long run, it will provide stable buying support and drive the rise of Bit prices. The current Bit market impact:

• In the short term, the market is still affected by technical adjustments.
• In the long run, the US government's holding of Bit will form a stable buying force.
• Other G20 countries may follow suit, further promoting Bit to become the "new gold standard".

Armstrong emphasized that "the goal of Bit is not zero volatility, but to appreciate over time like gold." He believes that as Bit continues to gain recognition from more countries and institutions, its value will continue to rise.

(Michael Saylor proposed a Bit strategy at the White House Summit: Suggest that the US buy 25% of the circulating supply by 2035, releasing $100 trillion in economic value)