- Coinbase CEO gives his bold prediction on crypto’s mainstream adoption.
- Brian Armstrong urges to bring clarity to the crypto regulatory sector.
Coinbase CEO Brian Armstrong made a big prediction about the future of crypto space. He claims that it is a new era for crypto in the US and forecasted that 10% of global GDP will be crypto-based by 2030.
In Coinbase’s February 13th Q4 2024 earnings call, Armstrong gave his thoughts on the current and future scenarios for the cryptocurrency market. He mentioned that up to 10% of global GDP could be dependent on crypto by the end of this decade.
If Armstrong’s predictions go right then $10 trillion in capital would be on-chain as per today’s global GDP. Moreover, he compared the current crypto situation with the 2000s era, when companies were trying to adopt the internet.
In the Quarterly report, Coinbase CEO stated:
“Coinbase is going to be the platform that’s going to power many of companies that are coming in and trying to integrate crypto and we like to say that on-chain is the new online it’s a little bit like the early 2000s when every company had to figure out how to adapt to the internet um up to 10% of global GDP could be running on crypto rails by the end of this decade”
Besides this, Coinbase’s CEO also pointed out the requirement of a solid regulatory framework. He said that some crucial areas need legislative attention due to lack of proper procedures and uncertainty.
Brian Armstrong Wants Clear Regulations
During the earnings call, Armstrong talked about the requirement for clarity on the token classification. He believes Congress can manage to achieve this clarity, due to its opening up huge pools of capital to flow into cryptocurrency.
He also mentioned the importance of a clear regulatory framework for stablecoins in the U.S. Finally, he also applauded the idea of a Bitcoin Strategic reserve for the country.
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