Coinbase CEO: Massive Crypto Wave Of Adoption On Its Way – 100 Million Investors
Crypto adoption was the most crucial goal of the crypto industry in 2019, and fortunately, there have been a lot of moves made towards achieving this goal.
The mainstream adoption of crypto has been said to be more important compared to prices in the crypto market, just like new real-world use cases, technology, and various significant developments.
A new wave of crypto adopters
Now, Coinbase CEO Brian Armstrong says that the next wave of crypto adopters will not care about the asset class.
It’s been revealed that they will arrive due to new innovations from startup companies that are creating interesting apps. Here’s what he said:
“The next 100M people who get exposure to cryptocurrency will not come from them caring about crypto, but because they are trying to play some game, use a decentralized social network, or earn a living, and using cryptocurrency is the only way to use that particular application.”
He continued and said: “I believe that by the end of the 2020s, almost every tech startup will have some sort of cryptocurrency component.”
Bigger players will come to the crypto market
It’s been also revealed that rapid growth will create a snowball effect, and the players who will be entering the crypto market will get bigger and bigger.
Armstrong said that we’ll be reaching a time when almost all financial institutions “will have some sort of cryptocurrency operation, and most funds will keep a portion of their assets in cryptocurrencies, partially due to its uncorrelated returns.”
He also said that about 90% of the money in the world is locked in institutions and this will definitely become a catalyst for the demand for cryptos.
2020 is a year that kicked off with high expectations regarding achievements in the crypto space.
More than that, there are also lots of bullish predictions regarding the prices for digital assets.
Brian Armstrong is the co-founder and CEO of Coinbase, one of the largest crypto exchanges in the world (its reported Coinbase holds 966,230 Bitcoin ($7B) in Cold Wallet). Prior to his involvement with the blockchain and Coinbase, Armstrong worked at Deloitte and Touche as an Enterprise Risk Management Consultant.
Coinbase is a digital currency exchange headquartered in San Francisco, California.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.