Coinbase CEO Says Crypto Companies Chasing AI Are Playing a Losing Game — Here's Why He Thinks That

WHY IT MATTERS

Imagine you own a bakery, and suddenly everyone in town is excited about coffee shops. You could close your bakery and open a coffee shop — but you'd be competing against experienced coffee shop owners with no real advantage. That's essentially what Armstrong is warning about. 'Zero-sum thinking' means believing that for one thing to win, another must lose. Armstrong is saying crypto companies shouldn't assume AI's rise means crypto is dead — instead, they should stick to what they're good at. For newcomers to crypto, this matters because it signals that major industry leaders still believe deeply in crypto's future and think the smartest move is to keep building, not to chase the next shiny trend.