Brian Armstrong @brian_armstrong Co-founder & CEO at @Coinbase Co-founder @GiveCrypto Building an open financial system for the world. Join us: coinbase.com/careers Jul. 12, 2019 1 min read

Achievement unlocked! I dreamt about a sitting U.S. president needing to respond to growing cryptocurrency usage years ago. "First they ignore you, then they laugh at you, then they fight you, then you win”. We just made it to step 3 y'all.

Some more thoughts on this. This is the common first reaction of most people when they learn about Bitcoin (yes Bitcoin Bitcoin Bitcoin) and cryptocurrency generally. It means they have begun down the path toward learning more...so it's a good sign.

Of course, the president of every country we should expect to talk their own book! That's their job. But currencies that are controlled by one country are always going to be at a disadvantage vs trans-national currencies.  https://www.nytimes.com/2018/12/18/business/dealbook/digital-reserve-currency.html 

The U.S. could lead the world in that transition, and unlock tons of economic growth (just like the U.S. benefitted massively from major internet companies being built here) or another country could beat us there and build the next financial center outside of NY.

Bitcoin is inherently global just like the internet, so it doesn't mind where the value is captured. Huge opportunity for those with the forsight to recognize it.

Foresight


You can follow @brian_armstrong.



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