Bitcoin remains a central topic among investors despite recent market swings. After reaching a record $109,000, the momentum slowed, sparking discussions about its long-term prospects. Coinbase CEO Brian Armstrong, speaking at the World Economic Forum in Davos, shared insights into Bitcoin's future.

Armstrong highlighted the growing institutional adoption of Bitcoin through exchange-traded funds (ETFs) and other instruments. He suggested that establishing a national Strategic Bitcoin Reserve in the US could significantly enhance Bitcoin's value. According to Armstrong, such an initiative could lead other G20 nations to follow suit, potentially increasing Bitcoin's worth to "multiple millions."

Reflecting on his interactions with President Donald Trump, Armstrong noted Trump's keen interest in Bitcoin. "He wants to be the first Bitcoin president," Armstrong remarked, referencing their discussions on Bitcoin's potential benefits for the US economy. He envisions Bitcoin becoming a standard reserve asset globally, much like gold or oil.

The Trump family's engagement with cryptocurrencies also draws attention, especially with the launch of the "official Trump coin" (TRUMP) before Trump's recent inauguration. Developed by CIC Digital, affiliated with the Trump Organization, the coin saw its market cap swiftly rise to $73 billion, although it later stabilized at about $7.3 billion. Similarly, Melania Trump's token, MELANIA, also gained substantial market capital, now at $732 million. These rapid developments have sparked ethical debates about the family's potential financial benefits from such ventures.

Gautam Chhugani of Bernstein Digital Assets remarked on the situation: "The launch of a memecoin by such a significant political figure represents a paradigm shift," indicating a new regulatory approach where governments leverage crypto to engage with the public.

Currently, Bitcoin is trading at $105,510, reflecting a 3% rise over 24 hours.