Coinbase CEO: Crypto Will Reach 2-3 Billion Users In 10 Years, Nearly At The Internet Usage Rate.

Key Points:

• The CEO estimates that between two hundred and three hundred million people worldwide have utilized cryptocurrency in the past decade. In the next ten years, if this growth rate continues, it will reach between two and three billion individuals, which is virtually equivalent to the rate at which people use the internet. 
• He asserted that the scalability of Layer 2 (such as the transition from dial-up to broadband access) and legislative clarity, in addition to usability, will be essential to the accomplishment of these objectives.

In a recent tweet, Brian Armstrong, co-founder and CEO of Coinbase, discussed the potential for widespread acceptance of bitcoin as well as the factors that are need to realize this potential. 

Armstrong claims that cryptocurrencies can be utilized in a variety of contexts, and that between 200 and 300 million people have already made use of them in the past ten years. Comparable to the rate at which people started using the internet, he believes that the number of bitcoin users will reach between two and three billion during the next decade if the current rate of growth continues. 

Armstrong emphasized the significance of Layer 2 scalability, which he compared to the transition from dial-up to broadband internet, in order to accomplish this goal. He also emphasized the need for legislative certainty.

He also stressed the significance of usability, which may contribute to an even further increase in the popularity of cryptocurrencies. Armstrong believes that with these essential components in place, cryptocurrencies have the potential to disrupt the existing structure of the financial industry and open up new economic opportunities for people all around the world.

Coinbase, one of the most prominent cryptocurrency exchanges, is committed to fostering both the growth and use of cryptocurrencies. The infrastructure and services provided by Coinbase are geared toward making it effortless and uncomplicated for individuals to acquire, sell, and use cryptocurrencies.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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