Coinbase CEO Forecasts Crypto to Power 10% of Global GDP by 2030

Coinbase CEO Brian Armstrong is predicting that cryptocurrency will become a significant component of global commerce by 2030. He forecasts that it could underpin as much as 10% of the global GDP, which would facilitate over $10 trillion in economic activity.

Armstrong drew parallels with the early 2000s internet expansion, where companies had to adapt to the digital age. He envisions a future where 'on-chain' activities are as ubiquitous as online interactions were two decades ago.

Crypto's growing utility in everyday monetary exchanges is driving its adoption, particularly for payments and remittances. Armstrong cited businesses and financial institutions that are exploring blockchain solutions for efficient transactions, such as Ethena Labs' launch of a stablecoin backed by BlackRock's BUIDL.