Brian Armstrong says cryptocurrencies will lead to a new era of capitalism and economic freedom
Coinbase Founder and CEO Brian Armstrong believes that cryptocurrencies are paramount in unleashing a new wave of economic freedom around the world.
In a long thread on the social media platform X, Armstrong He says Global economic freedom is declining but cryptocurrencies could lead to a reversal of this trend.
Focusing on the United States, the Coinbase CEO highlights that economic repression has led to a decline in the standard of living, with the American dream seeming unattainable for most people.
“Cryptocurrencies could unleash the next chapter of capitalism: the age of economic freedom.
Coinbase’s basic thesis is that increased adoption and use of cryptocurrencies will increase economic freedom. This builds on the promise of cryptocurrencies to create a global economy, powered by technology and people rather than governments, where anyone with an internet connection can participate, property rights are enforced, and money maintains its value. This is not a dream. Cryptocurrencies are already creating more economic freedom for real people today.
In order to advance economic freedom, Armstrong says leaders and policymakers must pass cryptocurrency-friendly laws.
“Cryptocurrencies are a new and unique technology that should not be subject to outdated laws. Policymakers should focus on developing clear, forward-looking regulatory frameworks that foster this innovation rather than push it out – otherwise they risk being left behind.”
Armstrong also says that economic freedom will flourish in countries that create a strategic reserve of Bitcoin (BTC).
“He-she [Bitcoin] It is the best-performing asset class since its inception and promotes itself as a hedge against inflation. The next global arms race will be in the digital economy, not space. Bitcoin could be as fundamental to the global economy as gold, and will become an essential element of national security in a world where Bitcoin holdings could shift the balance of power between nation-states. Governments will race to build strategic reserves of Bitcoin, to secure and lift their national economies, while those without it will lose ground in the digital age.
The Coinbase CEO adds that leaders and policymakers should focus on making their government more efficient and support the creation of special economic zones for builders to experiment with big ideas.
“World leaders and policymakers: It’s time to embrace cryptocurrencies and tech optimism to accelerate economic freedom and human progress.”
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