What Happened: “Now that the U.S. is doing this I think like the rest of the G20 countries and central banks are all starting to look at this. It just kind of instantly legitimized it,” Armstrong said Monday on the Shawn Ryan Show. The CEO noted that Trump’s move represents a dramatic shift from government skepticism just five years ago.
The reserve operates similarly to existing U.S. strategic stockpiles of gold, oil, palladium and rare minerals. Armstrong emphasized this historical context, calling it “a huge moment” that legitimizes Bitcoin as a strategic asset.
Trump has positioned himself as “the first crypto president,” declaring America must lead in financial technology to maintain global power. The executive order also established a U.S. Digital Asset Stockpile for other cryptocurrencies obtained through government proceedings.
Why It Matters: The G20 comprises 19 countries plus the European Union and the African Union, representing the world’s major economies, including China, Japan, Germany, and the UK. Armstrong’s comments suggest broader institutional adoption may follow US leadership.
Bitcoin traded around $118,895 as of Tuesday morning, up 0.03% as institutional accumulation patterns shift and markets await Federal Reserve policy decisions this week.
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