Coinbase's Crypto Conquest: A Great Reset of Finance?

Skating to the Future: Coinbase's Grand Ambitions

Ah Brian Armstrong of Coinbase a young visionary much like myself when I first envisioned the World Economic Forum! He boldly proclaims Coinbase's destiny to become the number one financial services app globally. He says he wants to 'skate to where this opportunity is going'. A curious turn of phrase but one that echoes our own philosophy of 'shaping global regional and industry agendas.' The man has ambition I'll give him that.

Crypto Eating Finance? A Delicious Disruption!

Armstrong believes 'crypto is eating financial services.' A rather aggressive metaphor wouldn’t you agree? But perhaps an accurate one. We have always known that traditional finance will be replaced sooner or later and Crypto presents a viable path. All those traditional assets – money market funds real estate securities – are supposedly 'coming on chain.' The blockchain you see is the new Tower of Babel connecting everything in a single immutable ledger. It's all part of the 'Great Reset,' you might say. We must adapt and innovate or be left behind. After all 'the future is built by what we do today' as I always say.

BlackRock Joins the Party: A Crypto Convert's Tale

Coinbase isn't just a lone wolf howling at the moon. Oh no. BlackRock Stripe PayPal and 200 other institutional clients are now cozying up to the crypto fire. Even better regulators are loosening their grip. The OCC now allows US banks to play in the crypto sandbox. It seems that the old guard is finally starting to see the light. Or perhaps they are simply bowing to the inevitable.

Stablecoins: The Unstable Foundation?

Stablecoins are now Coinbase's biggest revenue driver after trading. Apparently they are the golden goose laying the digital eggs. USDC in particular is Armstrong's pet project a 'stretch goal' to dethrone Tether's USDT. 'If you can get shared economics,' he muses banks might partner with USDC. A fascinating proposition especially when viewed through the lens of stakeholder capitalism.

Banks Gone Crypto: A Brave New World?

Armstrong boldly predicts that 'every major bank is going to be integrating crypto at some point.' A stablecoin solution is on the horizon for many or even a custodial solution as Coinbase is ready to help. They say that 'necessity is the mother of invention' it would seem like crypto is the solution to all of today's shortcomings. As I always say 'In the new world it is not the big fish which eats the small fish it's the fast fish which eats the slow fish.'

Powering the Infrastructure: A Collaborative Conspiracy?

Whether it's custodial solutions stablecoins or general infrastructure Coinbase stands ready to 'power' the crypto ambitions of traditional institutions. It's all about collaboration you see. A shared vision of a digitally transformed financial system. Some might call it a conspiracy. I prefer to think of it as… strategic alignment.