Coinbase CEO Predicts 10% of Global GDP Will Be Crypto by 2030
Coinbase CEO Brian Armstrong said that by 2030, up to 10% of global GDP (gross domestic product) can operate on the crypto track.
This bold prediction reflects the growing adoption rate of mainstream crypto, and industry executives are expected to have more appeal.
Coinbase CEO praises crypto’s growing economic impact
During Coinbase’s quarterly earnings call on February 13, Armstrong highlighted the transformational potential of blockchain technology. His vision for the future of crypto is broad, predicting that by 2030, 10% of global GDP will run on cryptocurrencies.
If his forecast holds, the global economy could see more than $10 trillion worth of value through Blockchain technology In the next few years.
“What we want to say is that on-chain is new online…a bit like the early 2000s, when every company had to figure out how to adapt to the internet. By the end of this decade, up to 10% of global GDP could be in cryptocurrency Running on track,” he explain.
This sentence highlights the shift of crypto from a niche investment vehicle to a basic infrastructure that supports global trade. According to Coinbase executives, cryptocurrencies will serve as the backbone of the next era of economic innovation.
Furthermore, Armstrong believes that the main driver of this shift is the increase in cryptocurrencies Utilities in daily trading. He believes that cryptocurrencies will also provide a wide range of services for payments and remittances.
He also observed that this shift was underway. Specifically, businesses and financial institutions are exploring blockchain solutions for faster, more Safeand cost-effective transactions. A good example is Ethena Labsrecently launched Stablecoin Supported by Buidl from BlackRock.
Armstrong also highlighted recent developments, including Stablecoin and market structure legislationwhich provides greater clarity for businesses and investors. He further emphasized that with the clarity of regulation, Crypto is now becoming mainstream and Stablecoins is at the forefront.
This is with Fed Governor Christopher Wallerhe highlighted the potential of Stablecoins to enhance the global role of the dollar.
Meanwhile, Coinbase’s impressive financial performance in 2024 has strengthened confidence in the future of the crypto market. As Beincrypto reported, the company reported Income surge Driven by transaction-based revenue and growth in subscription and service revenue.
Transaction revenue increased by 162% year-on-year to $4 billion, due to increased trading activity and introduction Bitcoin ETF (Exchange Trading Fund) Product. Subscription and service revenue grew 64% to $2.3 billion, mainly from Stablecoin trade. International revenue accounted for 19% of the total in the fourth quarter, showing the increasing adoption volume outside the United States.
At the same time, these highlights emerge with the communication Re-enter the Indian market After a regulatory setback three years ago.
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