‘Bitcoin Has No Issuer’: Coinbase CEO Clashes With French Central Banker at Davos
Coinbase CEO Brian Armstrong
Coinbase CEO: Bitcoin to $1,000,000
At events centered around the conference, Armstrong also reiterated his long-held prediction that BTC could reach $1 million by 2030, arguing that its fixed 21 million supply and rising global demand matter more than short-term volatility, even as prices hovered near $89,000 and the broader crypto market lost $160 billion in a day.
Speaking at Bloomberg House during the World Economic Forum in Davos, Armstrong urged investors to focus on long-term trends and said he remains optimistic about U.S. crypto legislation.
Armstrong also said Coinbase can no longer support the current Senate Banking Committee crypto market structure bill, calling it worse than the status quo and harmful to innovation and competition.
For context, the U.S. Senate committee postponed debate last week on the landmark crypto “Clarity Act” after Armstrong said the company could not support the bill, dealing a major blow to its prospects.
In essence, the legislation would establish a regulatory framework for cryptocurrencies by defining when tokens are securities or commodities and clarifying the SEC’s authority, marking the culmination of years of industry lobbying for clearer rules.
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