Coinbase CEO Responds to Peter Thiel's Opinion on Crypto

by in Cryptocurrency News

Coinbase Brian Armstrong

Today, April 14 Coinbase CEO and co-founder Brian Armstrong gave an interview to CNBC, during which he talked about investing in Coinbase, the purpose of the platform, its goals for the future and if crypto may be used as a financial weapon.

Related: Binance Is Adding Coinbase Stock Token

Company the valuation of which is now equal to that of the New York Stock Exchange will go public on the stock market Nasdaq in a few hours. During the interview, there was also a question about Armstrong's opinion on PayPal co-founder Peter Thiel's view that Bitcoin may be a financial tool for China.

According to the Coinbase CEO, it is a good thing that China is advancing in the digital asset space. He emphasized that China is ahead in the industry, being the only country with a central bank digital currency that is life. Armstrong thinks almost every country will have its CBDC in the future. He also hopes Coinbase's public debut would result in crypto space legitimization and that the ecosystem will become an integral part of the finances in the future.

Talking about the goals, Armstrong said that in the longer term the platform may offer lower fees.