BTC Wires

Coinbase CEO Predicts 1 Billion People Will Be in Crypto Ecosystem in 5 Years

Coinbase is a digital currency wallet and platform, Founded in June of 2012, where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin. We’re based in San Francisco, California.

Bitcoin is the world’s most widely used alternative currency with a total market cap of over $100 billion. The bitcoin network is made up of thousands of computers run by individuals all over the world.

Coinbase CEO Brian Armstrong makes a strong prediction that there will be an increase in the number of people involved with the trading of the cryptocurrency from 40 million to 1 billion in the next coming Five years. However, the decreased value of the most popular cryptocurrency past months can be a point to be considered, Brian seems pretty confident about the future of the cryptocurrency. There would be a valuable increase in all the cryptocurrencies in the coming time as the digital currency will replace most of the form as alternative investment system.

According to Armstrong, ”It makes sense that any company out there who has a cap table should have their own token. Every open source project, even charity, potentially every fund or these new types of decentralized organizations and apps, they’re all going to have their own tokens.”

He also discussed the issue related to the regulation as one of the crucial factors and called it, ”a big open question,” and noted that it remains to be seen whether the majority of tokens will be recognized as securities. He said that Coinbase does “feel a substantial subset of these tokens will be securities.”

Armstrong said that Coinbase could host hundreds of tokens within “years” and “million” in the future when required.  Armstrong also discussed the Web 1.0 was all about publishing information, Web 2. Interaction and Web 3.0 will be about value transfer the internet because now the web has this native currency and so applications can be built that instantly tap into this global economy on the internet.”