Bitcoin has surged since the election of U.S. president Donald Trump last year, soaring on hopes Trump could be about to trigger a bitcoin game-changer.
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The bitcoin price has rocketed past $100,000 per bitcoin, hitting a fresh all-time high ahead of Trump’s inauguration as the chief executive of the world’s largest asset manager BlackRock reveals sovereign wealth funds are exploring bitcoin.
Now, as the Federal Reserve grapples with a fresh dollar crisis, the chief executive of major bitcoin and crypto exchange Coinbase has predicted when the bitcoin price could flip gold’s $18 trillion.
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Coinbase chief executive Brian Armstrong has issued a huge bitcoin price prediction, forecasting … [+]
“Any country with gold reserves should be holding at least 11% of that amount in bitcoin reserves,” Armstrong posted to X in response to criticism of Trump’s plan for a national bitcoin reserve. “And I believe in the next five to 10 years bitcoin’s market cap will likely surpass gold. So these reserves should grow to exceed gold.”
In December, Trump confirmed he plans to establish a U.S. bitcoin strategic reserve. “We’re gonna do something great with crypto because we don’t want China, or anybody else … but others are embracing it, and we want to be ahead,” Trump told CNBC.
In July, then Republican candidate Donald Trump promised to create a “strategic national bitcoin reserve” and predicted bitcoin could eclipse gold’s $18 trillion market capitalization during an appearance at the Bitcoin 2024 conference.
Armstrong has endorsed the idea of a U.S. bitcoin strategic reserve, calling it part of a plan that will “bring economic freedom to the world” that comes at a “pivotal moment” in history.
“The next global arms race will be in the digital economy, not space,” Armstrong wrote.
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The bitcoin price has rocketed to a record high in 2025, triggering a wave of bullish bitcoin price … [+]
“Bitcoin could be as foundational to the global economy as gold and will become central to national security in a world where holdings of bitcoin can shift the balance of power among nation states. Governments will race to build strategic bitcoin reserves, securing and uplifting their national economies while those without will lose their footing in the digital age.”
Meanwhile, speaking to CNBC on the sidelines of the World Economic Forum in Davos this week, Armstrong predicted the bitcoin price will top “multiple millions” as the U.S. bitcoin reserve causes the “rest of the G20” to follow suit.
“If the U.S. took that path, probably the rest of the G20 would follow,” said. “I think bitcoin has a long way to go—it’s going to be the new gold standard out there, but crypto is really much bigger than that too.”
