Coinbase CEO Predicts 1 Billion Crypto Users Over the Next Decade

　　According to Brian Armstrong, CEO of Coinbase Global Inc, there could be 1 billion cryptocurrency users over the next decade.

　　According to Bloomberg, Armstrong made the statements during a discussion about price volatility in the cryptocurrency market at Monday's Milken Institute Global Conference.

　　In the global market, there are now only roughly 200 million cryptocurrency users.

　　Ryan Armstrong stated during a meeting with Cathie Wood, the CEO of Ark Invest, who offered a bullish prognosis on bitcoin:

　　“My guess is that in 10-20 years, well see a substantial portion of GDP happening in the crypto economy,”

　　DeFi can provide practically all financial services in collaboration with traditional and central institutions, often banks, but on the blockchain. DeFi can supply any typical service offered by a financial institution. In a nutshell, Defi is a blockchain-based financial service modeled after traditional financial services, with the goal of developing new services or derivatives based on blockchain's unique characteristics. Because Defi does not need intermediaries like traditional banks, tokens can be freely traded or borrowed.

　　Meanwhile, Wood feels Bitcoin is a game changer, explaining why the cryptocurrency is surging and gaining momentum as a hedge, and she believes decentralized finance is very promising, pushing the industry to pay attention to the issue of talent acquisition by adding:

　　“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.”

　　Coinbase has taken moves to expand its footprint to the rest of the world as the bitcoin business continues to grow by acquiring and investing in significant exchanges worldwide.

　　Coinbase reportedly revealed plans in March to buy 2TM, the parent firm of Mercado Bitcoin, a Brazilian Bitcoin exchange platform that is recognized as the largest crypto exchange in the Latin American region.

　　As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!

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