Coinbase CEO predicts 10% of global GDP to be on crypto rails by 2030
Coinbase CEO Brian Armstrong forecasts that up to 10% of the global GDP could be based on cryptocurrency by 2030. He noted that this movement echoes the early 2000s tech transition when companies adapted to the internet. Armstrong highlighted that the United States, which accounts for about 30% of the world's GDP, is leading this change with the current pro-crypto Congress, favoring stablecoin and market structure legislation. He emphasized Coinbase’s role as a key partner for companies integrating crypto into their operations. In its fourth quarter earnings for 2024, Coinbase reported a significant revenue increase, totaling $2.3 billion, a rise of 88% from the previous quarter. Armstrong expressed a focus on driving utility and growing revenue in new crypto categories for the upcoming year. He also mentioned the Federal Reserve's steps towards enabling banks to issue dollar-pegged digital assets, indicating a broader shift towards cryptocurrency adoption.
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