Brian Armstrong remains optimistic that the US authorities will eventually legalize the crypto market, foreseeing accelerated development for the blockchain industry once a regulatory framework is established.
The CEO of Coinbase asserts that the legalization of Bitcoin (BTC) should be a key aspect of cryptocurrency legislation, highlighting its potential to significantly contribute to the advancement of the Western financial system.
Identifying the primary threat as stemming from inflation-prone fiat currencies, Armstrong underscores Bitcoin’s advantage with its finite supply, positioning it as a secure asset safeguarding investors’ capital.
Despite this, Armstrong expresses skepticism regarding Bitcoin’s capacity to replace the US dollar. He believes the American currency will maintain its global economic dominance, while Bitcoin will evolve to enhance and complement the existing financial landscape, according to the Coinbase CEO.
