Coinbase CEO Brian Armstrong: Pro-Crypto Congress Marks Dawn of New Era as Bitcoin Surges Past $90K

The CEO of the largest crypto exchange in the U.S. believes we’re entering a new era for digital assets.

In a recent chat on CNBC, Brian Armstrong shared his thoughts. He pointed out that Donald Trump’s recent win to return to the White House, along with the success of pro-crypto lawmakers in the elections, is good news for the crypto market.

Armstrong said, “It’s really the dawn of a new crypto era with this election that just happened. This is the most pro-crypto Congress ever. We couldn’t be in a better position to finally get some clarity and start to rebuild the crypto industry in America again.”

He also emphasized Bitcoin (BTC). It recently hit over $90,000, and he believes it still has room to grow. “I think Bitcoin will be the most important crypto asset for a long time. It’s got a lot of runway to move as well,” he explained.

Armstrong highlighted the economic challenges in the U.S., like the deficit and inflation. These issues are driving more people to seek out Bitcoin. “There’s a massive issue in the United States with the deficit, with inflation. I do think that Bitcoin is a check and balance on irresponsible deficit spending,” he said.

He added, “To really extend the American experiment for a couple hundred more years, it’s important that we don’t devalue the dollar or lose reserve currency status. That’s a big reason why people are buying Bitcoin now.”