Coinbase CEO "Bitcoin to Become a Fundamental Asset of the Global Economy"

Brian Armstrong, the CEO of Coinbase, predicted that Bitcoin (BTC) will become a fundamental asset of the global economy.

On the 17th (local time), CEO Armstrong stated on the Coinbase website, "Cryptocurrencies are the most important technology that can bring economic freedom to the world."

Armstrong views cryptocurrencies as the key to opening the next chapter of capitalism. He emphasized, "Cryptocurrencies and stablecoins are already becoming part of people's everyday financial lives," adding, "Currently, about 7% of the global population owns digital assets."

He also urged countries around the world to designate Bitcoin as a strategic reserve asset, citing its status as the best-performing asset and its solid position as a hedge against inflation.

Armstrong said, "Bitcoin can become the next foundation of the global economy. Moreover, holding Bitcoin could shift the balance of power between nations," adding, "Countries that do not build Bitcoin as a strategic reserve will lose their growth momentum when the digital age arrives."

He further added, "We need to develop clear and forward-looking regulations that foster innovation in the cryptocurrency industry. Otherwise, there is a risk of falling behind."