Coinbase CEO Armstrong Foresees Crypto as New Digital Gold, Pushes for Ethereum ETF Approval

Coinbase CEO Brian Armstrong sees crypto becoming a new digital gold standard and providing economic benefits like fast, cheap payments.

Armstrong discussed the recent Bitcoin spot ETF approvals, saying they have been hugely positive for Coinbase's business.

He argued Ethereum ETFs should also be approved, predicting a legal battle with regulators.

Armstrong proposed a "Coinbase 500" index fund to track the top 500 cryptocurrencies, similar to the S&P 500 for stocks.

He believes crypto can fix problems with the current financial system, with 87% of Americans saying it doesn't work for them.