One billion people will use the cryptocurrency in 5 years: CEO of Coinbase


  brian armstrong

The world of money is revolutionizing before our eyes. Cryptocurrency is creating new paradigms for alternative payment systems and decentralized banking services. There is no doubt that the adoption by users of various cryptocurrencies is increasing rapidly. The cryptocurrency sector has become more fluid as the boundaries between this and mainstream finance continue to blur. At the same time, regulators are spending long hours working to regulate the vicious circle of crypto-enthusiasts

It could be one of the main reasons why Brian Armstrong believes that cryptocurrency will increase at an astronomical rate in the next semester

Coinbase's CEO responded to a question about international cryptocurrency assistance at TechCrunch Disrupt in San Francisco, to which he predicted that a billion people would eventually use cryptocurrencies in the next five years.

Armstrong believes a growing number of cryptocurrency companies will contribute to the overall growth of the cryptographic ecosystem. These companies, in a regulated environment, will release their tokens backed by their respective market limits. In a sense, these institutionalized digital resources will turn out to be an alternative investment system in addition to actions.

"It is logical that any company that has a table with caps should have their own token," said Armstrong. "Every open source project, every charity, potentially every fund or these new types of decentralized organizations app [and] will have all their tokens."

Coinbase, the US company Armstrong, is one of the largest bitcoin and altcoin exchanges in the world trading volumes. Recently they entered the British markets to exploit the growing base of encrypted users in the country. Previously, he has worked actively in the United States and Europe and has accumulated over 13 million users to date. This makes it 32.5% of the crypto-users in general – probably anyway.

Armstrong plans to expand Coinbase into multiple global territories. They recently announced their plans to open new offices in Africa.

In the long run, Armstrong believes they will function like the New York Stock Exchange (NYSE), with "probably" millions of tokens in their portfolio.

"We believe that a substantial subset of these tokens is made up of securities," he said. "Our approach has always been to be the most reliable [cryptocurrency exchange] and the easiest to use, so we want to be the legal place where you can start trading these tokens that are classified as titles."

Featured image from Facebook via Tech Crunch

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