As the world faces increasing economic woes from soaring debt and stubborn inflation to dwindling trust in financial institutions, Coinbase CEO says, “The world needs crypto, now more than ever.” He adds:
“Debt is growing exponentially, inflation is crippling entire nations, economic freedom is declining.”
Armstrong points to the astronomical level of U.S. federal debt, which recently surpassed $36 trillion, and the corrosive effects of inflation on purchasing power and living standards. These factors, he argues, have led to a decline in economic freedom and a growing sense of distrust among global citizens.
“It’s no coincidence Bitcoin prices are at all-time highs. People are turning to Bitcoin as a refuge from inflation and deficit spending.”
Crypto, and specifically Bitcoin, Armstrong cites as a vehicle for individuals to regain control over their finances, bypass centralized institutions, and access fast, low-cost global payments.
The Coinbase CEO doesn’t just t
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