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.

US President Donald Trump addressed the World Economic Forum in Davos, Switzerland, on Thursday, marking his first appearance at the event since his inauguration. During his live-streamed remarks, Trump emphasized his administration’s “America-first” stance on emerging technologies, including cryptocurrency.

Coverage of the World Economic Forum in Davos, Switzerland, each year is something I view as a competitive sport. I actually start training for the intense week over the summer, as my few close friends know (and yes, they all make fun of me). The number of workouts every week in the lead-up rises incrementally so I can easily sprint up and down the two-mile promenade with a backpack to stuff in as many meetings as humanly possible (yes, I do this).