The CEO of coinbase, Brian Armstrong is very optimistic about the adoption of cryptocurrencies in the next decade. He said so at the Milken Institute Global Conference in Los Angeles.
If anyone believes strongly in a bright future for cryptocurrencies, it is Brian Armstrong, the CEO of the exchange. coinbase, the most influential cryptocurrency trading platform in the United States, headquartered in San Francisco, California, offering exchange services in 32 countries, as well as storage and management of digital assets in 190 countries worldwide.
On the first day of the Global Conference of the Milken Institute in Los Angeles, Armstrong participated together with the investor Cathie Wood, CEO of ARKInvest.
— Milken Institute (@MilkenInstitute) May 2, 2022
There Armstrong said: “My guess is that in 10-20 years, we will see a substantial portion of GDP (Gross Domestic Product) in the crypto economy.” He also predicted that there will be billion crypto users in the world ten years. It would be around an eighth of the world, since the predictions of world organizations speak of a world population of about 8.5 billion by the 2030s.
This compared to the estimated 200 million crypto users today, against a global population of 7.9 billion people (2.3% of the crypto population).
To this statement, Cathie Wood added: “In the case of DeFi and the next generation internet, we are seeing a lot of financial companies losing talent to crypto.”
Both Wall Street and various government agencies and financial firms such as banks have lost employees due to being taken over by crypto firms in the past year. “Wall Street has to take it seriously, or else they will be emptied,” Wood added.
Wood said that the advancement of cryptocurrencies continues to be held back by a lack of regulatory clarity, something not experienced even in the early days of the internet.
If you want to see the complete presentation of both experts, you can see it here:
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