Bitcoin News Today: Coinbase CEO Brian Armstrong Calls Bitcoin Best Form of Money Ever Created Citing Decentralization Scarcity

Brian Armstrong, CEO of Coinbase, has reiterated his strong advocacy for Bitcoin, declaring it “the best form of money ever created” in a series of public statements and social media posts between July 8 and July 29, 2025 [1]. His remarks, amplified by platforms like Cointelegraph and Watcher.Guru, underscore Bitcoin’s unique attributes—decentralization, scarcity, and security—as foundational strengths that position it as a superior monetary system compared to traditional fiat currencies [2]. Armstrong’s perspective aligns with a growing narrative among investors and economists who view Bitcoin not merely as a speculative asset but as a transformative financial tool.

Central to Armstrong’s argument is Bitcoin’s decentralized nature. By operating on a blockchain uncontrolled by governments or institutions, Bitcoin resists inflationary pressures and manipulation, offering a transparent, secure, and globally accessible alternative to conventional currencies [1]. This design, he argues, solves a critical problem in modern finance: the reliance on centralized authorities to manage value and trust. Armstrong’s emphasis on Bitcoin’s “programmable” properties—enabling innovations like smart contracts and cross-border payments—further highlights its potential to disrupt traditional systems [2].

Scarcity is another key factor in Armstrong’s endorsement. With a capped supply of 21 million units, Bitcoin mirrors the finite nature of gold but surpasses it in terms of portability, divisibility, and transactional efficiency [3]. This digital scarcity, he notes, creates intrinsic value while mitigating the risks of over-issuance. Such characteristics make Bitcoin particularly appealing in regions grappling with economic instability, where it increasingly serves as a store of value for wealth preservation [3].

The significance of Armstrong’s stance lies in his role as a leading figure in the crypto industry. As founder of Coinbase, a global crypto exchange with millions of users, his advocacy carries substantial weight. Armstrong’s personal investment in Bitcoin—approximately 607,770 BTC, representing 2.8% of its total supply—further underscores his conviction. While critics question potential conflicts of interest, supporters argue that his stake aligns with the broader goal of legitimizing crypto as a mainstream asset class [4].

The timing of these remarks is notable amid heightened regulatory scrutiny and market volatility. Armstrong’s public declarations aim to reinforce Bitcoin’s long-term viability, yet analysts caution that endorsements alone may not drive price movements without broader macroeconomic demand or regulatory clarity [5]. The crypto industry’s response remains mixed; while some exchanges focus on operational challenges, Coinbase continues to prioritize Bitcoin’s utility and adoption, reflecting the sector’s fragmented priorities [6].

Armstrong’s statements reinforce Bitcoin’s narrative as both a technological and economic breakthrough. However, widespread adoption hinges on addressing challenges such as scalability, energy consumption, and regulatory alignment. As a prominent advocate, Armstrong’s influence underscores the responsibility to address these issues transparently, ensuring Bitcoin’s potential is realized without compromising its foundational principles.

Sources:

[1] Watcher.Guru on X (https://x.com/WatcherGuru/status/1950182****94651605)

[2] Cointelegraph - X (https://x.com/Cointelegraph/status/1950134****27148607)

[3] Threads (https://www.threads.com/@watcher.guru/post/DMsWSB_Jygr/video-just-in-coinbase-ceo-brian-armstrong-says-bitcoin-is-the-best-form-of-money-ever)

[4] Coinlive (https://www.coinlive.com/en/news-flash/861964)

[5] Coinlive (https://www.coinlive.com/en/news-flash/861964)

[6] CoinDCX’s official statement (https://m.economictimes.com/crypto-news-today-live-29-jul-2025/liveblog/122959972.cms)