Re: A Billion People Will Be Using Cryptocurrency in 5 Years: Brian Armstrong
A Billion People Will Be Using Cryptocurrency in 5 Years: Brian Armstrong
The world of money is revolutionizing in front of our eyes. Cryptocurrency is creating new paradigms for alternative payment systems and decentralized banking. There is no doubt that the user adoption of various cryptocurrencies is rapidly increasing. The cryptocurrency industry has become more fluid as the borders between it and mainstream finance continue to blur. At the same time, regulators are spending long hours at work to regulate the booming circle of crypto-enthusiasts.
It could be one of the prime reasons why Brian Armstrong believes crypto-adoption will increase at an astronomical pace in the next half-decade.
The Coinbase chief executive was responding to a question about cryptocurrencys international outreach at TechCrunch Disrupt in San Francisco, to which he predicted that 1 billion people would eventually be using cryptocurrencies in the next five years.
Armstrong believes a growing number of cryptocurrency companies will contribute to the overall crypto ecosystem growth. These companies, under a regulated environment, will issue their tokens backed by their respective market caps. In a way, these institutionalized digital assets will prove to be an alternative investment system in addition to equities.
It makes sense that any company out there who has a cap table should have their token, Armstrong said. Every open source project, every charity, potentially every fund or these new types of decentralized organizations [and] apps, theyre all going to have their tokens.
Coinbase, the U.S. company Armstrong heads, is one of the worlds largest bitcoin and altcoin exchanges by trading volume. They have only recently entered the U.K. markets to tap the growing crypto-user base in the country. Previously, it had been working actively in the U.S. and Europe, and it has amassed over 13 million users to date. That makes it 32.5 percent of the overall crypto-users arguably, anyway.
Armstrong plans to expand Coinbase to more global territories. They have recently announced their plans to open new offices in Africa.
https://www.ccn.com/a-billion-people-will-be-using-cryptocurrency-in-5-years-brian-armstrong/
Homestly i'm not suprised again if there is person who predict that crypto will be used globally in 5 years, because we can see the progress of cryptocurrency is undenial. But, i hope this could be true, not only as a prediction. The world of money is revolutionizing in front of our eyes. Cryptocurrency is creating new paradigms for alternative payment systems and decentralized banking. There is no doubt that the user adoption of various cryptocurrencies is rapidly increasing. The cryptocurrency industry has become more fluid as the borders between it and mainstream finance continue to blur. At the same time, regulators are spending long hours at work to regulate the booming circle of crypto-enthusiasts.
It could be one of the prime reasons why Brian Armstrong believes crypto-adoption will increase at an astronomical pace in the next half-decade.
The Coinbase chief executive was responding to a question about cryptocurrencys international outreach at TechCrunch Disrupt in San Francisco, to which he predicted that 1 billion people would eventually be using cryptocurrencies in the next five years.
Armstrong believes a growing number of cryptocurrency companies will contribute to the overall crypto ecosystem growth. These companies, under a regulated environment, will issue their tokens backed by their respective market caps. In a way, these institutionalized digital assets will prove to be an alternative investment system in addition to equities.
It makes sense that any company out there who has a cap table should have their token, Armstrong said. Every open source project, every charity, potentially every fund or these new types of decentralized organizations [and] apps, theyre all going to have their tokens.
Coinbase, the U.S. company Armstrong heads, is one of the worlds largest bitcoin and altcoin exchanges by trading volume. They have only recently entered the U.K. markets to tap the growing crypto-user base in the country. Previously, it had been working actively in the U.S. and Europe, and it has amassed over 13 million users to date. That makes it 32.5 percent of the overall crypto-users arguably, anyway.
Armstrong plans to expand Coinbase to more global territories. They have recently announced their plans to open new offices in Africa.
https://www.ccn.com/a-billion-people-will-be-using-cryptocurrency-in-5-years-brian-armstrong/
We all know that millennials will be the ones that will fulfill this billion crypto currency users within the next 5 years, Why? because these people are one of the most adventurous and totally accepts new technologies and innovations, unlike the older ones. Soon these millennials will begin to learn about the crypto currency technology and a massive adoption of this technology will surely explode.
Here is the description of a millennial.
From the age of 22-37, there is a high probability that most of this people are technologically literate and open to new innovations that the world offers.
