Coinbase CEO Predicts Most G20 Nations Will Adopt Strategic Bitcoin Reserves Following U.S. Lead

Highlights:

• Coinbase CEO calls Trump’s digital asset reserve a historic Bitcoin milestone.
• U.S. Strategic Bitcoin Reserve may inspire G20 nations to adopt crypto reserves.
• The crypto community praises the U.S. Bitcoin Reserve as a major step toward digital economy leadership.

In an X post today, Coinbase CEO Brian Armstrong applauded Donald Trump’s administration for creating the digital asset reserve, calling it a “historic moment for Bitcoin and crypto.” On March 6, White House AI and crypto czar David Sacks revealed that Trump signed an Executive Order to create the Strategic Bitcoin Reserve. The reserve will be funded only by Bitcoin seized in forfeiture cases. The Executive Order also creates a U.S. Digital Asset Stockpile. 

Incredible execution from the Trump administration and a historic moment for Bitcoin and crypto!

I expect many of the G20 to take notice, and eventually follow America’s leadership. https://t.co/tPdltJ6GKq

— Brian Armstrong (@brian_armstrong) March 7, 2025

Armstrong suggested that the U.S. crypto reserve initiative will attract the interest of most G20 nations. This could inspire them to follow America’s lead and establish their own digital asset reserves. For context, the G20 is an intergovernmental forum consisting of 19 countries, such as the U.S., U.K., India, Japan, South Africa, Germany, France, Canada, Italy, Brazil, Russia, China, Saudi Arabia, Korea, Indonesia, Türkiye, Australia, Argentina, and Mexico. The European Union and the African Union are also members.

The group focuses on global economic issues, including financial stability and climate change. Creating crypto reserves in G20 countries could boost crypto adoption and validate its credibility.

Some of these countries have already discussed the digital asset reserve. Japan previously opted out of the Bitcoin reserve initiative, stating that crypto can’t serve as foreign exchange. However, with the recent U.S. development, Japan may reconsider its position.

Saylor and Lummis Praise U.S. Bitcoin Reserve as a Step Toward Digital Economy Leadership

Bitcoin bull and Strategy chairman Michael Saylor welcomed the decision, calling the Bitcoin Strategic Reserve a move toward U.S. leadership in the digital economy. He added, “The US now has the world’s largest Strategic Bitcoin Reserve.”

Senator Cynthia Lummis also praised the move, stating it fulfilled Trump’s promises and highlighted his dedication to Bitcoin. “We are becoming the bitcoin and digital asset capital of the world. America is so Back,” she stated.

Meanwhile, Bitwise CIO Matt Hougan highlighted the key implications of the decision. He emphasized that it reduces the risk of a future Bitcoin ban in the U.S. It also raises the chances of other nations creating their own Bitcoin reserves. He said, “I’m not sure how the market will think about this short-term. I am sure that long-term this is extraordinarily bullish for bitcoin.”

I'm not sure how the market will think about this short-term. I am sure that long-term this is extraordinarily bullish for bitcoin. https://t.co/S8LtFxq4ik

— Matt Hougan (@Matt_Hougan) March 7, 2025

Trump’s Bitcoin Reserve Order Could Cut $18 Billion in Selling Pressure

Moreover, Conor Grogan, former head of product strategy and business operations at Coinbase, shared on X that President Donald Trump’s executive order on Bitcoin strategic reserves could eliminate $18 billion in selling pressure. 

By my estimation, the US Govt owns 198.109k BTC. This executive order removes ~$18B of sell-side pressure https://t.co/XIv5SSRbBA pic.twitter.com/MN3xnITCNv

— Conor (@jconorgrogan) March 7, 2025