Coinbase CEO Predicts 10% of Global GDP Will Run on Crypto Rails by 2030

Coinbase CEO Brian Armstrong predicts that by 2030, up to 10% of global GDP will operate on cryptocurrency infrastructure, signaling a transformative shift in the global economy.

Azcnews Breaking Coinbase Ceo Predicts 10% Of Global Gdp Will Run On Crypto Rails By 2030

Brian Armstrong believes the United States now has “the most crypto-friendly Congress we’ve ever seen,” a shift that could trigger a global transformation in cryptocurrency regulations.

Coinbase CEO Brian Armstrong has declared that the U.S. is witnessing “the dawn of a new era for crypto” and predicts that by 2030, as much as 10% of the world’s GDP will be built on cryptocurrency infrastructure.

Speaking during Coinbase’s Q4 2024 earnings call on February 13, Armstrong stated, “Up to 10% of global GDP could be running on the crypto economy by the end of this decade.”

Key Results For Coinbase’s Fourth Quarter 2024
Key Results For Coinbase’s Fourth Quarter 2024

He compared the current wave of companies integrating crypto to the early 2000s when businesses had to rapidly adapt to the internet.

“On-chain is the new online,” he remarked.

If Armstrong’s prediction holds true, it would mean over $10 trillion in value being tokenized or operating on blockchain networks, based on the World Bank’s estimate of the current global GDP surpassing $100 trillion.

He assured investors that “Coinbase will be the go-to partner for companies looking to enter and build in this space,” as the company reported $2.3 billion in Q4 revenue—an 88% increase from the previous quarter.

Armstrong also emphasized that the U.S., which accounts for approximately 30% of global GDP, is poised to take the lead, citing former President Donald Trump’s swift actions to fulfill his promise of making America the world’s crypto capital.

Love

0.0/5

Love

Latest

How To Participate In The Yupp Airdrop

Airdrops | Editor Choice

How to Participate in the Yupp Airdrop

Join the Yupp airdrop! The AI development platform has successfully raised $33 million and is allowing users to earn points.

Pengu Surges 10% Amid Market Slump

News | Editor Choice | Memecoin

PENGU Surges 10% Amid Market Slump

Amid a sluggish crypto market, meme coin PENGU has surged nearly 10%, but technical indicators suggest this rally may soon lose steam.

Two Satoshi Era Whales Suddenly Wake Up, Move 20,000 Btc

Bitcoin | Editor Choice

Two “Satoshi Era” Whales Suddenly Wake Up, Move 20,000 BTC

Two wallet addresses holding 10,000 Bitcoin each have unexpectedly become active after 14 years of inactivity, raising concerns about a potential sell-off.

Nano Labs Spends $50m On Bnb, But Stock Price Keeps Falling

News | Altcoin | Editor Choice

Nano Labs Spends $50M on BNB, But Stock Price Keeps Falling

Nano Labs boldly spent $50 million on BNB in a bid to build a $1 billion reserve, but its stock price continues to plunge despite the ambitious investment strategy.

Ripple Mints Additional 16 Million Rlusd With Support From Amina Bank

News | Altcoin | Editor Choice

Ripple Mints Additional 16 Million RLUSD with Support from AMINA Bank

Ripple has minted an additional 16 million RLUSD as Switzerland’s AMINA Bank becomes the first global financial institution to support the stablecoin, marking a significant step in bridging traditional finance with blockchain technology.