"Coinbase CEO: Crypto to Handle 10% of Global GDP by 2030"

Coinbase CEO Brian Armstrong has predicted that up to 10% of global GDP could be running on crypto rails by the end of this decade. Speaking during Coinbase's fourth-quarter 2024 earnings call, Armstrong compared the current movement of companies integrating crypto to the early 2000s, when every company had to adapt to the internet.

If Armstrong's prediction comes true, it would mean over $10 trillion in value would be tokenized or onchain, based on today's global GDP of over $100 trillion, according to the World Bank. Armstrong believes that Coinbase will be the preferred partner for many companies looking to build this infrastructure.

Armstrong also noted that the US, representing around 30% of the world's GDP, would lead the way in crypto adoption. He credited President Trump's administration for moving fast to fulfill his promise of making the US the crypto capital of the planet. Armstrong also highlighted the US Congress's pro-crypto stance, which is leading the charge on stablecoin and market structure legislation, setting an example for the rest of the world.

In the year ahead, Armstrong said Coinbase would focus on growing revenue with its existing products, driving utility in new categories where crypto is gaining scale, and building the foundations to power the next decade of growth. Coinbase posted its highest revenue in over a year, far exceeding analyst projections.