Coinbase CEO Urges Bitcoin Adoption After $100K Surge; $725B AUM Bernstein's Gautam Chhugani Predicts Bitcoin Will Replace Gold

Coinbase CEO Brian Armstrong has called on governments to adopt Bitcoin as a strategic reserve following the cryptocurrency's recent surge to $100,000. Armstrong emphasized that Bitcoin has been the best-performing asset over the last 12 years. Concurrently, Bernstein, a financial services firm with $725 billion in assets under management, has predicted that Bitcoin will replace gold as the leading store of value over the next decade. Analyst Gautam Chhugani noted that this transition would be significant for institutional and corporate finance, suggesting that Bitcoin's rise is on track to make it a premier asset in the financial landscape. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io