Crypto News: Brian Armstrong Busts Myth: Crypto Isn’t Just for the Rich

Armstrong posted on X that you do not need to purchase a full Bitcoin or ETH to start off. Fractions are held by many investors, and it is possible to enter cost-effectively.

This model allows common citizens and strategic small investors to participate in the expanding digital asset arena.

Armstrong also observed that the financial system is inefficient in the sense that basic transactions attract high charges and that crypto infrastructure can eliminate these issues.

Electronic marketplaces such as Coinbase will charge minimal fees, which will undermine the traditional banks.

The CEO is convinced that this will revolutionize the way in which millions of people worldwide will spend and save their money, becoming financially inclusive and self-reliant.

The Path to Mass Adoption and Regulation Progress

Another important suggestion was made by Brian Armstrong, who emphasized more transparent crypto regulations to enhance growth and confidence.

Innovations such as the GENIUS Act in the US and the MiCA framework in Europe can provide a safer business and investor climate.

He noted that traditional financial institutions like JPMorgan Chase and Goldman Sachs are joining crypto markets through the partnership, which is an indicator of mixing traditional finance with crypto.

Armstrong estimated that the adoption of crypto in the next ten years will be off the roof, and a relatively large number of people will be managing digital currencies without understanding it.

He also emphasized the scarcity of Bitcoin, that there are only 21 million Bitcoin coins, which are likely to make its prices go high.

However, the main mission will be to empower everyone to have control over their money and have access to fairly priced financial service tools, irrespective of where one lives or their affluence.

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