Coinbase, a leading digital currency platform, has expressed its view on the future of the global financial system, stating that cryptocurrency can address several key issues of today.
Rising Global Debt and Inflation
Coinbase CEO Brian Armstrong highlighted on X serious issues in the global economy. Government debt, especially in the U.S., is rapidly increasing and has now surpassed $36 trillion. At the same time, inflation is devaluing money and raising everyday costs, making it difficult for individuals to save, invest, or plan. Armstrong noted that these problems are reducing economic freedom and trust in the banking system.
Bitcoin and Digital Currencies as a New Solution
In response to these economic troubles, more people are turning to digital assets like Bitcoin. The Coinbase CEO stated that the rising price of this asset indicates that people are seeking safer alternatives. Cryptocurrencies are becoming a means to protect wealth from inflation and excessive government spending. Moreover, unlike traditional money, cryptocurrencies can be sent quickly and cheaply across borders, granting individuals more control over their finances.
Cryptocurrency Beyond Investment
Armstrong explained that cryptocurrency is not just a way to make money but a technology that can enhance the financial system. It can speed up payments, lower fees, and support new business models. Through cryptocurrency, artists and creators can earn directly from their audience without giving substantial shares to intermediaries. Coinbase is developing new tools to make cryptocurrency relevant in everyday life.
Coinbase asserts the need to rebuild the financial system, believing that cryptocurrency could form the foundation for this change. The company is expanding its services and aims to create the next generation of internet-based financial systems.
