Brian Armstrong of Coinbase Predicts Bitcoin Space to have 1 Billion Users in 5 years
According to the CEO of Coinbase, Brian Armstrong, it’s expected that 5 billion people will be dealing with cryptocurrencies in one way or the other. Currently, the estimated number of people using cryptocurrencies such as Bitcoin and Ethereum is 4 million and could grow tremendously to 5 billion in the coming five years.
Armstrong in an interview with Tech Crunch predicted that the number of people adopting digital currencies would grow enormously. The massive growth would be as a result of commercial organizations that were developing tokens with each rising day.
The Coinbase executive reasons that it’s only sensible for a company to develop its own token. In his opinion, most of the open source projects, charity organizations and other funds would embrace decentralization and create a token to help function better. When this happens, then the crypto space will be increase in size and grow vibrant.
On issue of regulation, he attested that it was an important aspect in the achievement of his vision for Coinbase. To him, regulation remains ‘an open question’ and it remains to be seen whether governments will recognize most of these tokens as securities. In the future, the Coinbase platform might list hundreds of tokens in the few coming years and even add millions more in the future.
In order to position itself for crypto security trading, Coinbase acquired Keystone Capital Corp which now joins Venovate Marketplace and Digital Wealth. These acquisitions are intended to help position Coinbase better as more tokens become securities and to improve its users’ trading experience. More to that, the acquisitions could help Coinbase deal with non-crypto financial items.
Recently, Coinbase announced that it was launching more trading pairs in the UK where investors could now use the Sterling Pound to trade. In addition to Bitcoin, UK investors can now use the pound to trade Ethereum, Litecoin, Bitcoin Cash and Ethereum Classic. It seems that this trading platform was keen on leaving a mark on the crypto space by expanding all across the globe in the future.