Brian Armstrong, the head of Coinbase
$4.01B
Armstrong views this initiative as a moment for the United States to expand economic liberties. On November 17, he shared his belief on X that DOGE could serve as a platform to revitalize government operations and enhance economic opportunities.
The Coinbase CEO emphasized the need to cap federal spending, suggesting it be limited to 10% of the nation’s gross domestic product (GDP).
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Armstrong argued that while the US Constitution laid a strong foundation, it may not have adequately accounted for the long-term risks of unchecked democratic government growth. He noted:
The founding fathers were geniuses but (with humility) may have missed the adverse incentives which grow the size of democratic government over time (winning elections by promising more free stuff).
Armstrong stressed the importance of implementing measures to encourage responsible government spending, stating the idea of establishing a US sovereign wealth fund. This fund would allocate shares to every citizen, distributing dividends from budget surpluses and directly involving the public in the country’s fiscal outcomes.
Despite sharing an acronym with the popular cryptocurrency Dogecoin
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Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
