Coinbase CEO Brian Armstrong stated that by 2030, up to 10% of global GDP (Gross Domestic Product) could operate on crypto rails.
This bold prediction reflects the increasing mainstream crypto adoption, with the industry executive anticipating more traction.
Coinbase CEO Lauds Crypto’s Growing Economic Influence
During Coinbase’s quarterly earnings call on February 13, Armstrong highlighted the transformative potential of blockchain technology. His vision for the future of crypto is expansive, predicting that 10% of global GDP will run on crypto by 2030.
If his prediction holds, the global economy could see over $10 trillion in value enabled through blockchain technology within the next few years.
“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. Up to 10% of global GDP could be running on crypto rails by the end of this decade,” he said.
The remarks highlight the movement of crypto from a niche investment vehicle to a fundamental infrastructure supporting global commerce. According to the Coinbase executive, crypto will serve as the backbone for the next era of economic innovation.
Further, Armstrong opined that the key driver of this shift is crypto’s increasing utility in everyday transactions. He believes that cryptocurrency will also serve widely for payments and remittances.
He also observed that this transformation is underway. Specifically, businesses and financial institutions are exploring blockchain solutions for faster, more secure, and cost-effective transactions. A case in point is Ethena Labs, which recently launched a stablecoin backed by BlackRock’s BUIDL.
Armstrong also highlighted recent developments, including stablecoin and market structure legislation, which have provided greater clarity for businesses and investors. He further emphasized that with regulatory clarity on the horizon, crypto is now going mainstream, with stablecoins at the forefront.
This aligns with the views of Federal Reserve Governor Christopher Waller, who highlighted stablecoins’ potential to strengthen the global role of the US Dollar.
Meanwhile, Coinbase’s impressive financial performance in 2024 reinforces its confidence in the future of the crypto market. As BeInCrypto reported, the company reported a revenue surge driven by transaction-based earnings and subscription and services revenue growth.
Transaction revenue rose 162% year-over-year to $4 billion, fueled by increased trading activity and the introduction of Bitcoin ETFs (exchange-traded fund) products. Subscription and services revenue grew by 64%, reaching $2.3 billion, largely from stablecoin transactions. International revenue accounted for 19% of the total in the fourth quarter, showing growing adoption outside the US.
Meanwhile, these highlights come as the exchange mulls a reentry into the Indian market after a regulatory setback three years ago.
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