Coinbase CEO says crypto’s importance will grow in the AI era

Coinbase CEO Brian Armstrong said "AI has become a megatrend" but that does not diminish the value of cryptocurrency. In a post on X, Armstrong said crypto is general-purpose infrastructure like electricity or the internet, adding it is not competing with AI but instead supports it. Armstrong also said AI agents cannot open bank accounts or wait for wire transfers, so they need cryptocurrency as real-time programmable money. As AI agents take on tasks such as holding funds, making payments, trading, providing investment advice and raising capital, Armstrong said crypto’s role will grow further.