Coinbase CEO Brian Armstrong criticizes crypto startups that rebrand to AI

"If you're in crypto, pivot to AI. I used to hear versions of this, and it's the wrong way to think about the world," Armstrong wrote in a Sunday post on X , calling the trend "zero-sum, scarcity thinking." Instead, he argued that crypto is general-purpose infrastructure, like electricity or the internet, that underpins the next big thing rather than competing with it. "It's an 'and,' not an 'or.'"