Coinbase CEO Sees Bitcoin’s Bright Future, Highlights Key Factor Behind Surge in Demand

The CEO of the largest U.S.-based cryptocurrency exchange believes the digital asset sector is entering a pivotal phase.

In a recent interview on CNBC, Brian Armstrong shared his optimism about the future of crypto, particularly following Donald Trump’s election victory and the rise of pro-crypto lawmakers. He believes the outcome of the recent election positions the U.S. for significant progress in the industry, calling it the “dawn of a new crypto era.”

Armstrong emphasized the role of Bitcoin (BTC) in the market’s growth, noting its recent record surge past $90,000. Despite the increasing variety of crypto assets, he believes Bitcoin remains central to the industry’s long-term success, with ample potential for further growth.

He also pointed out that ongoing economic challenges, such as inflation and rising deficits, are fueling the demand for Bitcoin, positioning it as a safeguard against fiscal instability.

READ MORE:

Bitcoin’s Dominance Expected to Outshine Altcoins Through 2024, Says Analyst

Armstrong argued that Bitcoin serves as a check on excessive government spending, helping to protect the value of the dollar and maintain the U.S.’s position as the global reserve currency.

Kostadin Dimitrov