Coinbase CEO Sees Crypto Community Count Growing to 1 Billion in a Decade Despite Current Market Bearishness

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Coinbase CEO, and co-founder, Brian Armstrong has made some ambitious declarations for cryptocurrency, as he expects big things for the industry in the next decade or two.

Despite the gloomy sentiment around the industry since the start of 2022, Armstrong has shown that his long-term prospects are significantly bullish. In a recent conference, the Coinbase executive crypto figure asserted that at least one billion people would have entered the crypto ecosystem in the next ten years, explaining:

“My guess is that in 10-20 years, we’ll see a substantial portion of GDP happening in the crypto economy.”

Coinbase CEO’s Not Unreasonable

Taking the growth of new crypto entrants in the last year into account, Armstrong’s projection is not unreasonable in the slightest bit. In the first half of 2021, the number of crypto users jumped by over a hundred percent, as the crypto industry user count jumped past 220 million.

It is worth mentioning that in the period where crypto users doubled (early 2021), the prices of Bitcoin and almost all altcoins were in price discovery mode, with several all-time highs getting recorded frequently. This was the same period where the benchmark cryptocurrency recorded its all-time high of $69,000, about 45% higher than the current price.

Meanwhile, Ark Invest CEO Cathie Wood also gave a speech at the conference. Wood warned that financial firms could lose their qualified employees if they fail to align with the DeFi sector. She noted:

“In the case of DeFi and next-generation internet, we are seeing a lot of financial companies losing talent to crypto. So they have to take it seriously, or else they are going to be hollowed out.”

 

You can purchase Lucky Block here. Buy LBlock

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *