While the world is confronted with increasing economic misery of rising debts and stubborn inflation to reduce confidence in financial institutions, Coinbase CEO out“The world needs crypto, now more than ever.” He adds:
“The debts grow exponentially, inflation paralyzes entire countries, economic freedom is decreasing.”
Armstrong points to the astronomical level of the American federal debt, which recently surpassed $ 36 trillionAnd the corrosive effects of inflation on purchasing power and standard of living. These factors, he argues, have led to a decrease in economic freedom and a growing sense of distrust among world citizens.
“It is not a coincidence Bitcoin prices are too all time. People turn to Bitcoin as a retreat for inflation and shortage spending.”
Crypto, and specifically Bitcoin, quotes Armstrong as a vehicle for individuals to regain control of their finances, bypassing centralized institutions and gaining access to fast, cheap worldwide payments.
The Coinbase CEO not only praised Crypto as an investment vehicle, but rather frame it as a transforming technology that can update the entire financial system. He emphasizes that the true potential of Crypto lies in his ability to revolution in everything, from settlements and cross -border transfers to new models for artists and makers to earn their work without sacrificing margins to intermediaries.
By considering Crypto as a fundamental technology rather than just a speculative property, Armstrong believes that society can access new levels of innovation and economic participation. He closes his mail and says:
“In summary:
– There are major problems with the current financial system. And they get worse.
– Crypto eats the financial services.
– Coinbase leads the load. “Under the leadership of Armstrong, Coinbase has evolved from a simple crypto investment platform to an extensive financial service provider and now wants to serve as an application layer for the next generation of internet aids.
Under the leadership of Armstrong, Coinbase has evolved from a simple crypto investment platform to an extensive financial service provider and now wants to serve as an application layer for the next generation of internet aids.
Recent announcements, such as payment -APIs for seamless USDC settlements and a new Coinbase card with Bitcoin rewards, emphasize the company’s dedication to make crypto more accessible and more useful in daily life.
Despite the fact that the very real and urgent challenges for the world economy are confronted, the Coinbase CEO provides a message of optimism and urgency. Crypto is not only a financial trend, but a movement to rebuild the financial system; And this will enable individuals, strengthen national economies and speed up human progress. Armstrong’s call for action is clear: the world now needs crypto more than ever.