Coinbase founder and CEO Brian Armstrong believes that crypto is paramount to unleashing a new wave of economic freedom across the globe.
In a long thread on the social media platform X, Armstrong says global economic freedom is on the decline but crypto can spark the reversal of the trend.
Zooming in on the US, the Coinbase chief executive highlights that economic repression has led to a decaying standard of living with the American dream looking unachievable for most.
“Crypto can unleash the next chapter of capitalism: the age of economic freedom.
Coinbase’s core thesis is that greater adoption and usage of crypto will increase economic freedom. This is based on the promise of crypto to create a global economy, powered by tech and people rather than governments, where anyone with an internet connection can participate, property rights are enforced, and money preserves its value. This isn’t a dream. Crypto is already creating more economic freedom for real people TODAY.”
To drive economic freedom, Armstrong says leaders and policymakers should pass crypto-friendly laws.
“Crypto is a new, unique technology that should not be governed by antiquated laws. Policymakers should be focused on developing clear, forward-looking regulatory frameworks that cultivate this innovation rather than pushing it offshore – or they risk getting left behind.”
Armstrong also says economic freedom will blossom in countries that establish a strategic Bitcoin (BTC) reserve.
“It [Bitcoin] is the best-performing asset class since inception and solidifying itself as a hedge against inflation. The next global arms race will be in the digital economy, not space. Bitcoin could be as foundational to the global economy as gold and will become central to national security in a world where holdings of Bitcoin can shift the balance of power among nation-states. Governments will race to build strategic Bitcoin reserves, securing and uplifting their national economies while those without will lose their footing in the digital age.”
The Coinbase CEO adds that leaders and policymakers should focus on making their government more efficient and support the establishment of special economic zones for builders to experiment with big ideas.
“World leaders and policymakers: it’s time to embrace crypto + techno-optimism to accelerate economic freedom and human progress.”
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