Coinbase CEO Envisions Bitcoin Providing Checks on Dollar, Extending Property Rights
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Coinbase CEO Brian Armstrong argued Bitcoin could extend aspects of Western civilization like property rights and sound money by providing an alternative to inflated fiat currencies.
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Armstrong suggested Bitcoin and the dollar can coexist, with Bitcoin acting as a "natural check and balance" on unfettered money printing.
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He predicted fiat currencies and crypto will coexist for a long time, with dollar-backed stablecoins playing a major role.
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Armstrong believes Bitcoin's deflationary properties will simply mean a higher bar for lending to occur.
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He's optimistic about future crypto adoption trends like decentralized social media, payments tech, DeFi, NFTs and a possible Bitcoin spot ETF approval.