Brian Armstrong – CEO and Co-Founder of Coinbase – predicted a substantial increase in the number of individuals involved in the crypto universe in the next 10-20 years. In fact, he believes that the one billion mark is not out of the question.
5 Times Increase in 10-20 Years
Despite the rather grim condition of the crypto market since the start of 2022, Armstong remains bullish on its future development. At a recent conference, he forecasted that within a decade, one billion people will have jumped into the digital asset ecosystem:
“My guess is that in 10-20 years, we’ll see a substantial portion of GDP happening in the crypto economy.”
Considering the growth of new crypto users over the past year, Armstrong’s prediction sounds logical. During the first six months of 2021, the number of people involved in the market more than doubled, reaching over 220 million individuals.
Speaking at the conference was also Ark Invest’s CEO – Cathie Wood. She argued that monetary firms could lose their qualified employees if they do not embrace the DeFi sector:
“In the case of DeFi and next-generation internet, we are seeing a lot of financial companies losing talent to crypto. So they have to take it seriously, or else they are going to be hollowed out.”
When in comes to value predictions, one top investor sees Bitcoin at $500,000 in 5 years. During a Tuesday broadcast interview with Bloomberg Technology, the Founder and CEO of Galaxy Digital — Mike Novogratz — stated that an individual Bitcoin (BTC) will be worth $500,000 in five years’ time, according to Fool.com