Coinbase CEO Brian Armstrong thrust Bitcoin into the heart of the World Economic Forum’s (WEF) policy debate on Wednesday.
His comments come as markets anticipate US President Donald Trump’s appearance at the event in Davos, given his history of unscripted remarks on trade, tariffs, and geopolitics.
This remark echoes a long-standing view among central bankers that sovereign institutions are inherently more legitimate than decentralized alternatives.
Armstrong pushed back, reframing the debate in terms of control and issuance rather than political mandate.
The exchange marked one of the rare moments at the WEF where Bitcoin itself, not merely blockchain technology or tokenized finance, was debated head-on.
For years, WEF panels have largely focused on permissioned ledgers, institutional adoption, and central bank digital currencies. They often sidestep Bitcoin’s challenge to monetary sovereignty altogether.
That dynamic began to shift at WEF 2026, in part due to persistent questioning from journalists on the ground.
Gareth Jenkinson pressed Armstrong during the “Crypto at a Crossroads” session, asking whether the US would follow through on discussions around establishing a strategic Bitcoin reserve.
Armstrong’s response framed Bitcoin less as a speculative asset and more as a neutral, global monetary network, one that governments are increasingly forced to acknowledge rather than dismiss.
Banks Push Back as Bitcoin Enters the Strategic and Macro Debate
Outside Davos, Armstrong continued to sharpen his critique of the TradFi system. In a separate interview with CNBC, he accused the US banking lobby of attempting to stifle competition through regulatory pressure, particularly around stablecoin legislation.
Referencing the stalled CLARITY Act, Armstrong argued that banks were pushing to block crypto platforms from offering yields, not because of systemic risk, but because of competitive threat.