Armstrong Refutes AI-Pivot Narrative

Coinbase CEO Brian Armstrong has rejected the notion that investors should pivot from cryptocurrency to artificial intelligence. He stressed on Elon Musk's X network that it is not a zero-sum game, where one sector must decline for another to rise.

Armstrong argued that crypto, being a general-purpose technology, does not compete with AI and that the two can coexist. In fact, he claimed that AI will increase the importance of cryptocurrency as AI agents will need their own financial infrastructure and will eventually transact far more per day than all humans combined.

Coinbase is already working on building the necessary financial infrastructure for AI agents through its x402 protocol, Base, and USDC.