Coinbase CEO Estimates That One Billion Cryptocurrency Customers Would Exist In Ten Years.

2022-05-03 | Selina Mathew

Coinbase CEO Estimates That One Billion Cryptocurrency Customers Would Exist In Ten Years.

Brian Armstrong, CEO of Coinbase Global Inc., estimates that the number of bitcoin customers globally would approach one billion within a decade. The allegation was made throughout the 'Milken Institute Global Conference' on Monday.

There are presently approximately 200 million cryptocurrency as well as digital asset aficionados worldwide. However, as per the cryptocurrency executive's projections, that figure will rise over the next ten years.

Notwithstanding the cryptocurrency industry's significant stalling and the reduction in the price of Bitcoin, which has dropped by about 17 percent since the start of the year, both Armstrong, as well as Wood, remain bullish on the expansion of cryptocurrency trading.

The executive of Ark, one among Coinbase's biggest major stockholders, stated that there is a degree of ambiguity surrounding the cryptocurrency business in the United States. This, in her judgment, has had a detrimental impact on the bitcoin market.

She also stated that the firm's regulatory procedure has progressed at a slower rate than the internet, whereas Armstrong stated that "it's becoming increasingly difficult to find a real cryptocurrency skeptic in (Washington) DC." He stated that in the United States capital, at least half of the population favor the burgeoning cryptocurrency sector.

On the other hand

  • The two CEOs spoke out amid growing uncertainty about the near-term viability of cryptocurrencies.
  • Bitcoin has plummeted from an all-time high of $69,000 in November to hovering around $38,500 this week.
  • This year, the largest global cryptocurrency has struggled to break beyond the $44,000 barrier.

Notwithstanding this, Cathie Wood sees cryptocurrency as a doorway to a variety of possibilities, particularly in the decentralised financial industry, where significant governance has been implemented. Numerous people have high hopes for the financial system's growth and progress as a result of the DeFi space.

Leave a comment

Your email address will not be published.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

Top 7 cryptocurrency overview

Best trading tool for cryptocurrency

2022 Top cryptocurrency Price Prediction List