TechFlow news, on January 22, at the 2024 World Economic Forum (WEF) in Davos, Coinbase CEO Brian Armstrong expressed support for the proposal that the United States establish a strategic Bitcoin reserve. He pointed out that many countries hold gold reserves, and they should also hold Bitcoin because Bitcoin is essentially the new gold standard. Armstrong believes central banks' Bitcoin reserves might start at 1%, but over time could equal or even exceed their gold holdings.
However, Lesetja Kganyago, Governor of the South African Reserve Bank, holds a different view. He questioned the rationale behind such a decision, stating that even if the U.S. begins stockpiling Bitcoin, South Africa is unlikely to follow suit. Kganyago emphasized that South Africa is more focused on the practicality of central bank digital currencies (CBDCs) and blockchain technology, rather than Bitcoin's function as a store of value.
