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Bitcoin continues to set historical milestones, reaching $100,000 per unit for the first time. In this context, Brian Armstrong, CEO of Coinbase, has shared in X a reflection that puts into perspective the impressive performance of the digital asset and its relevance in an environment of global inflation.
If you bought $100 of Bitcoin when Coinbase was founded in June 2012, it would now be worth about $1,500,000.
If you kept the $100 USD you’d only be able to purchase about $73 worth of goods today.
Bitcoin is the best performing asset of the last 12 years, and it’s still early… pic.twitter.com/dvBgX5K7or
— Brian Armstrong (@brian_armstrong) December 5, 2024
Brian Armstrong’s message
Armstrong compared two scenarios: If someone had bought $100 worth of Bitcoin in June 2012, when Coinbase was founded, that investment would be worth about $1.5 million today. In contrast, $100 in cash today would only have purchasing power equivalent to $73 due to accumulated inflation.
This reflection underlines that Bitcoin has not only been the best performing asset in the last 12 years, but has also proven to be an alternative to protect value over time. Armstrong emphasized:
“Bitcoin is the best asset of the last 12 years, and we are still in the early stages.”
A strategy for governments
In his post, Armstrong proposed a bold idea: that governments adopt Bitcoin as a strategic tool to combat inflation.
Every government, especially those seeking to protect against inflation, should create a strategic reserve of Bitcoin.
Brian Armstrong
This proposal reflects a growing global trend in which financial institutions and governments are beginning to consider Bitcoin as a reserve asset.
Celebrating $100K in Bitcoin
Armstrong also took the opportunity to celebrate Bitcoin’s recent achievement, calling it a momentous occasion: “Happy $100k Bitcoin Day.”
This figure not only reinforces investor confidence, but also cements the narrative of Bitcoin as a safe haven from the depreciation of fiat money.
Bitcoin, the future of finance?
Armstrong’s message comes at a time when institutional interest in Bitcoin continues to grow, driven by favorable policies in key markets and renewed optimism following the arrival of administrations more open to cryptocurrencies, such as that of Donald Trump.
Bitcoin’s strategic reserves proposal could usher in a new era in government adoption of digital assets, transforming not only the perception but also the utility of Bitcoin as a key economic tool in an ever-changing world.
Bitcoin at $100,000 is not just a financial milestone; It is a call to rethink how we manage and preserve value in the 21st century.
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