In a recent statement, Coinbase CEO Brian Armstrong emphasized that cryptocurrencies are instrumental in fostering global economic freedom and prosperity by injecting capitalism into every country. Armstrong argued that crypto, through decentralized finance (DeFi), eliminates traditional financial gatekeepers and lowers barriers to entry, enabling individuals—particularly in underbanked regions—to access global markets and wealth-building tools.
Armstrong highlighted that economic freedom entails control over finances, fair market access, and wealth creation without oppressive restrictions. He pointed to cryptocurrencies like Bitcoin and Ethereum as transparent, open alternatives in areas plagued by hyperinflation or stringent government controls, citing examples from Africa and Southeast Asia where crypto is already impacting remittances and microfinance.
The CEO referenced a comparison between Venezuela's state-controlled policies, which led to economic collapse, and Poland's liberalization reforms that spurred growth. Despite regulatory challenges and market volatility, Armstrong remains optimistic about crypto's long-term role in democratizing finance, reducing poverty, and driving innovation. His vision aligns with broader DeFi principles, asserting that crypto is not merely for trading but for building a fairer financial system worldwide.
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