Brian Armstrong, CEO of Coinbase, stated that Donald Trump’s plans in the digital currency sector have become a major topic of discussion in financial markets and the digital currency industry. Armstrong emphasized that Trump has forced everyone to elevate their level of competition, with all striving not to fall behind. He mentioned that other leaders such as Javier Milei and Nayib Bukele have also recognized the advancements in free markets. Armstrong highlighted the strategic reserve of Bitcoin as a possible plan of Trump. However, Trump’s recent executive order establishing a working group for digital asset markets has raised speculations about the examination of other digital currencies. Meanwhile, financial institutions like banks and payment service companies are seriously increasing their investments in digital currencies, leading to heightened competition in the sector. On the other hand, David Solomon, CEO of Goldman Sachs, referred to Bitcoin as an interesting speculative asset but noted that regulatory constraints still hinder banks’ participation in this area.
