Coinbase CEO Brian Armstrong: ‘The US Government Should Never Sell Bitcoin’
Coinbase (NASDAQ:COIN) CEO Brian Armstrong on Tuesday voiced strong opposition to the U.S. government selling its Bitcoin (CRYPTO: BTC) holdings, joining a chorus of criticism sparked by government movements of large quantities of the cryptocurrency.
The debate intensified after 19,800 bitcoin, valued at $1.9 billion, was transferred to a Coinbase Prime deposit address on Dec. 2.
“This is a huge strategic mistake. There is no price where it makes sense for the U.S. to sell any Bitcoin it has under its control,” tweeted Jason Lowery, a U.S. Space Force major and author of Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin.
Armstrong echoed Lowery’s sentiment, stating, “Agreed – the U.S. government should never …
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