Coinbase CEO Brian Armstrong thinks crypto will play a key role in changing the global economy. The world’s financial system is about to change in a big way. Armstrong made a big claim on Coinbase’s Q4 2024 earnings call on February 13: by 2030, up to 10% of the world’s GDP could be running on crypto trains. This dream could make over $10 trillion worth of assets tokenized or on-chain, which would be a massive shift toward digital assets. Armstrong calls it the “dawn of a new era for crypto” and compares it to how businesses had to adapt to the internet in the early 2000s.Crypto’s growing impact on the world economy
Armstrong’s prediction is since companies and institutions worldwide are increasingly using blockchain technology. With a global GDP of more than $100 trillion, putting 10% of all economic action on blockchain would be a massive change in history. He stressed that “on-chain is the new online,” meaning that crypto will soon be as important to business as the internet.
USA Leading Crypto Adoption
Armstrong says the US will soon be the world leader in new crypto technologies. He talked about how President Trump is speeding up attempts to make the US the “crypto capital of the world.” Also, Congress is more crypto-friendly than ever, advancing important stablecoins and market structure laws. If these regulation changes take off, the US could make using cryptocurrencies easier for people worldwide.
Firm Performance and Future Vision
Coinbase’s impressive $2.3 billion in sales in Q4 2024, an 88% increase from the previous quarter, shows that people are becoming more confident in the crypto business. Armstrong said the company will focus on making its products more useful in new areas and setting the groundwork for growth over the next ten years. Coinbase wants to be the best place for businesses to use blockchain technology since more and more institutions are starting to use it.
Conclusion
Armstrong’s big picture shows that crypto will not be an option in the future but a mainstay of the economy. If just 10% of the world’s economy goes to blockchain, it will change industries and transactions and open new ways to make money.
