During a panel discussion at the World Economic Forum in Davos, the CEO of Coinbase expressed optimism regarding the impact of Donald Trump's second term as U.S. president on crypto investments. Brian Armstrong stated, "The Trump effect cannot be denied." Armstrong highlighted the potential for increased investment in cryptocurrencies with Trump's support, noting that legislative changes in Congress would likely drive further growth. He attributed bitcoin's recent record-breaking performance partly to the enthusiasm generated by Trump's inauguration.