Trump effect on crypto undeniable, will lure investment, Coinbase CEO says at Davos

FILE PHOTO: Brian Armstrong, chairman and CEO of Coinbase, speaks during the Piper Sandler Global Exchange and FinTech Conference in New York City, U.S., June 7, 2023. REUTERS/Brendan McDermid/File Photo

LONDON (Reuters) - Donald Trump's second term as U.S. president will draw a lot of investment into crypto, the CEO of Coinbase told a panel discussion at the World Economic Forum in Davos.

"The Trump effect cannot be denied. To have the leader of the largest GDP country in the world come out undeniably and say that he wants to be the first crypto president," said Brian Armstrong, CEO of Coinbase.