Crypto Will Thrive in 2020 as Governments Struggle to Stimulate Growth, Says CEO

Global efforts to stimulate markets look likely to benefit crypto assets over the next year. Increasingly radical policies, aimed at growth, effectively devalue national currencies to the detriment of savers, making scarce assets, like Bitcoin, more appealing.

Coinbase CEO Brian Armstrong believes that slowing global markets will force more extreme moves from central banks in the coming months. He adds that capital may well move into crypto markets in response to such attacks on wealth.

Central Bank Policy Continues to Promote Crypto, Even if it Doesn’t Mean to

NewsBTC has reported on numerous previous occasions about fiscal policy serving as an inadvertent endorsement of Bitcoin and other crypto assets. According to the loudest proponents of digital currencies, interest rate cuts, quantitative easing, and market repurchase agreements (repos) all serve to make the emerging asset class more alluring.

In a post to Twitter earlier today, Coinbase CEO Brian Armstrong stated that he…