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Bitcoin is now seen as digital gold while stablecoins lead blockchain payments, says Coinbase CEO.

Market News
20 Jul 2026, 03:27 WIB
Tokenpost
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Neutral
Bitcoin is now seen as digital gold while stablecoins lead blockchain payments, says Coinbase CEO.

Coinbase CEO Brian Armstrong stated that Bitcoin has evolved into a store of value, akin to digital gold, rather than becoming a widely used payment method. Despite efforts like the Lightning Network to improve Bitcoin's transaction speed, its fixed supply and price volatility have made it more attractive as a long-term investment rather than for daily transactions. Meanwhile, stablecoins, backed by fiat currencies, have become the dominant blockchain-based payment solution due to their price stability and faster transaction capabilities. Armstrong highlighted the impact of the GENIUS Act in the US, which has provided regulatory clarity and boosted stablecoin adoption, with major stablecoins like Tether's USDT and Circle's USDC leading the market.

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