American publicly listed trading platform Coinbase Exchange has endorsed the plans by incoming US President Donald Trump to establish a strategic Bitcoin reserve in the country. As reported by Axios, the exchange’s co-founder and CEO Brian Amstrong has highlighted the economic opportunities this will have on the nation.
Bitcoin Strategic Reserve: Tool for Economic Freedom
According to the Axios exclusive, the Coinbase CEO believes BTC ($90,011.00) can offer much more to the country. He believes the digital currency can drive market capitalism to benefit different key players.
“Economic growth comes from free market capitalism, deregulation, small government, and technological innovation,” he wrote. “If the rest of the G20 wishes to participate in economic prosperity, they would be wise to join the growing trend of embracing economic freedom and free markets.”
To build these reserves, Donald Trump is eyeing establishing a crypto advisory council with industry leaders.
This is a developing story, please check back for updates!!!
The post Just In: Coinbase Endorses Strategic Bitcoin Reserve appeared first on CoinGape.
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