Coinbase CEO: Bitcoin is more independent than central banks

Coinbase CEO Brian Armstrong stated at the World Economic Forum (WEF) in Davos, Switzerland, that Bitcoin is more independent than central banks because no individual or institution can control it. According to Cryptobasic, Armstrong noted that Bitcoin has no issuing entity and its fixed supply prevents the dilution of its monetary value, making it a store of value similar to gold. He also described the competition between fiat currencies and cryptocurrencies as a healthy one that expands individual choice.