Coinbase co-founder and CEO Brian Armstrong recalled in an interview published on September 20 that when the Coinbase app launched in 2012, he gave 1 Bitcoin to each of about 1,000 early users who were willing to try it. At the time, each Bitcoin was worth about $5 to $10. Years later, some users reported that these Bitcoins were worth $60,000 to $100,000. Armstrong also noted that few people took cryptocurrency seriously in the early days, and it was hard for him to imagine back then that the U.S. government would now hold strategic Bitcoin reserves.