Coinbase CEO Brian Armstrong Challenges France’s Central Bank Chief on Bitcoin at Davos

Beincrypto reported that Coinbase CEO Brian Armstrong confronted Banque de France Governor François Villeroy de Galhau at the World Economic Forum in Davos, arguing that Bitcoin is more independent than sovereign monetary authorities. Gareth Jenkinson reported that Villeroy de Galhau said, "I trust more independent central banks with a democratic mandate than private issuers of Bitcoin." Armstrong pushed back, saying, "Bitcoin is a decentralized protocol.

There’s actually no issuer of it. So, in the sense that central banks have independence, Bitcoin is even more independent. No country, company, or individual controls it in the world." The exchange occurred during the "Crypto at a Crossroads" session, where Jenkinson also asked whether the US might establish a strategic Bitcoin reserve and Armstrong described Bitcoin as a neutral, global monetary network.

Key Topics

Crypto, Brian Armstrong, Coinbase, Bitcoin, Banque De France, World Economic Forum