Donald Trump

World

President Donald Trump

<p>Recently, intense discussions centered around Bitcoin, memecoins, and the future of the cryptocurrency industry at the 2025 World Economic Forum in Davos, Switzerland with the US President Donald Trump returning to the Oval Office.</p>   
<h2 class="wp-block-heading" id="h-will-bitcoin-reserve-come-to-pass">Will Bitcoin Reserve Come To Pass?</h2>   
<p>In the only cryptocurrency session at this year’s forum, industry leaders shared a hopeful view of the sector in the US, even with the excitement around the launch of the Official Trump (TRUMP) token. Notably, during the session, Coinbase CEO Brian Armstrong noted that the rise of the TRUMP memecoin would not hinder efforts to create a Bitcoin strategic reserve, an idea supported by Trump in 2024.</p>   
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 <p>He said, "I don’t think it undermined anything with the strategic Bitcoin reserve. That effort is still alive and well. Cynthia Lummis in the Senate is really pushing that idea."</p> 
</blockquote>   
<p>The idea of creating a Bitcoin reserve was promoted by figures like Lummis, Trump, and MicroStrategy’s Michael Saylor at the Bitcoin 2024 conference in Nashville. At the WEF session, Armstrong provided further details on the proposal to the delegates.</p>   
<blockquote class="wp-block-quote">
  
 <p>“Many governments hold gold but I think they should hold Bitcoin because it is essentially the new gold standard. I think a very core principle is that you should hold assets which maintain value over time,” he emphasized.&nbsp;</p> 
</blockquote>   
<h2 class="wp-block-heading" id="h-south-africa-unlikely-to-follow">South Africa Unlikely To Follow</h2>   
<p>However, Lesetja Kganyago, governor of the South African Reserve Bank, doubted South Africa would follow the US in stockpiling Bitcoin. He questioned Bitcoin’s value as a reserve, highlighting the country’s focus on CBDCs and blockchain.&nbsp;However, Armstrong responded by highlighting the core principles advocated by Bitcoin proponents, authors and advocates in recent years.&nbsp;</p>   
<p>He underscored that it is provably scarce, just like gold, but it’s more portable and divisible. He also noted its higher utility and called it the best-performing asset of the last 10 years.</p>   
<h2 class="wp-block-heading" id="h-scaramucci-criticises-democrats-unclear-stance">Scaramucci Criticises Democrats Unclear Stance</h2>   
<p>Armstrong emphasized Bitcoin’s advantages over traditional reserve assets and suggested central banks could acquire more BTC than gold over time. Besides, Anthony Scaramucci criticized the Democratic Party for not having a clear stance on crypto, as Trump failed to mention cryptocurrency in his inaugural function.</p>   
<p>Nevertheless, Armstrong highlighted that “the Trump effect” could not be denied and the new presidency has given the cryptocurrency industry newfound optimism and room to breathe and grow in the US.</p>

Bitcoin, Memecoins, and Trump: The Future of Crypto Debated At WEF 2025

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