Brian Armstrong promotes cryptocurrency as tool to fight global economic instability
Armstrong backs tokenized finance
Brian Armstrong, CEO of Coinbase, stated in a post published on June 20 on social media platform X (formerly Twitter) that the world needs cryptocurrency now more than ever. He noted that with rapidly growing national debt, soaring inflation, and declining financial freedom, more people are losing trust in the traditional financial system.
According to Armstrong, digital assets are a key tool to counter mounting economic instability and help individuals regain control over their money.
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Economic freedom and the role of Bitcoin and stablecoins
“Economic freedom means it’s your money,” he wrote, emphasizing that cryptocurrency enables users to bypass traditional financial intermediaries and facilitates fast, low-cost international transfers. Armstrong highlighted the growing distrust in fiat systems, pointing to the exponential rise in debt.
He added that Bitcoin’s all-time high prices reflect this shift, as more people turn to it as a hedge against inflation and irresponsible government spending. While Bitcoin serves as a store of value, Armstrong stressed the increasingly important role of stablecoins as a means of exchange. According to him, the stablecoin market capitalization has grown by over 50% in the past year, indicating strong demand regardless of the broader crypto market conditions.
Coinbase’s strategy: three development phases
Outlining Coinbase’s long-term strategy, Armstrong identified three phases of development:
• Cryptocurrency as an investment tool;
• Modernizing financial services;
• Creating a platform for the next generation of decentralized internet applications.
He stated that tokenization of real-world assets has already reached $20 billion and continues to grow, giving people greater control over their finances.
New products and vision for the future
At the recent State of Crypto summit, the company unveiled four strategic initiatives. These include new payment APIs enabling seamless USDC transactions with automatic conversion into local currencies (with a pilot already live with Shopify), and the integration of options and DEX trading into a single platform. Coinbase also announced its Coinbase One credit card, developed in partnership with American Express, which offers up to 4% cashback in Bitcoin.
Armstrong’s main message is clear: the traditional financial system is failing, and crypto is rapidly becoming a viable alternative. Coinbase aims not only to expand access to digital assets but also to reshape how individuals and businesses interact with money in the new digital era.
Earlier, Brian Armstrong also urged the UK to establish clear crypto regulations
