Robinhood Stock Trading | Investing & Articles

Main Menu

  • Home
  • Robinhood review
    • Robinhood crypto
    • Robinhood gamestop
    • Robinhood stock price
  • Crypto
    • Binance
    • Bithumb
    • Coinbase
    • FTX
    • Huobi Global
  • Brokers
    • Charles Schwab
    • E*Trade
    • Fidelity
    • Interactive Brokers
  • Debt

Robinhood Stock Trading | Investing & Articles

Header Banner

Robinhood Stock Trading | Investing & Articles

  • Home
  • Robinhood review
    • Robinhood crypto
    • Robinhood gamestop
    • Robinhood stock price
  • Crypto
    • Binance
    • Bithumb
    • Coinbase
    • FTX
    • Huobi Global
  • Brokers
    • Charles Schwab
    • E*Trade
    • Fidelity
    • Interactive Brokers
  • Debt
Coinbase
Home›Coinbase›Coinbase CEO Releases Stunning Crypto Prediction as Bitcoin and Ethereum Price Suddenly Soar

Coinbase CEO Releases Stunning Crypto Prediction as Bitcoin and Ethereum Price Suddenly Soar

By Tim Kane
May 4, 2022
0
0

Bitcoin

BTC
and Ethereum, the two largest cryptocurrencies by a considerable margin, have hundreds of millions of users worldwide after a huge price explosion in recent years.

Subscribe Now to Forbes CryptoAsset & Blockchain Advisor and successfully navigate the volatile bitcoin and crypto market

The price of bitcoin soared to nearly $70,000 per bitcoin at the end of last year from less than $10,000 two years ago, while the price of ethereum saw a similar increase. However, both are down around 40% from their all-time highs.

Now, Brian Armstrong, the chief executive of leading bitcoin and crypto exchange Coinbase, has predicted that there will be a massive influx of crypto users over the next decade, predicting that one billion people will have used the crypto by 2032.

Want to stay ahead of the market and understand the latest crypto news? sign up now for free CryptoCodex—A daily newsletter for crypto investors and the crypto-curious


MORE FORBESElon Musk mocks legendary investor Warren Buffett’s attack on Bitcoin as price drops, signals further Dogecoin supportBy Billy Bambrough

Coinbase CEO Brian Armstrong is one of the most influential voices in the world. … [+] bitcoin, ethereum and crypto.


AFP via Getty Images

“I guess 10 to 20 years from now we’ll see a substantial chunk of GDP happening in the crypto economy,” Armstrong said, speaking at the Milken Institute’s global conference this week in comments reported for the first time. times by Bloomberg. San Francisco-based Coinbase currently has nearly 90 million verified users in 100 countries.

The “crypto-economy” has grown rapidly over the past few years as businesses and services expand around bitcoin, ethereum, and other cryptocurrencies.

Decentralized finance (DeFi) – the idea that cryptographic technology can replace lenders and insurers – and blockchain-based digital collectibles known as non-fungible tokens (NFTs) have both become markets for several billion dollars in just a few years.

Some of the world’s biggest tech companies, including Facebook parent company Meta and Elon Musk’s electric car company Tesla

TSLA
, began to embrace crypto. Meta, under Mark Zuckerberg, is looking to expand into the so-called metaverse digital world where NFTs are expected to play an important role. Tesla added bitcoin to its corporate balance sheet and began experimenting with crypto payments.

Financial giants on Wall Street have also slowly started rolling out crypto services for clients. Speaking alongside Armstrong, chief executive of Ark Investment Management, Cathie Wood, one of the biggest proponents of web3 – a name for the next generation of the internet based on crypto and blockchain which, according to some, could succeed the current Silicon Valley-centric model – warned financial firms not to be left behind.

“In the case of DeFi and next-gen internet, we’re seeing a lot of financial companies losing talent to crypto,” Wood said, according to Bloomberg. “So they have to take it seriously, otherwise they’re going to be ousted.”

Register now for CryptoCodex—A free daily newsletter for the crypto-curious

MORE FORBESLegendary World’s Dominant Coin “Whale” Reveals Its Top Three Crypto Picks as Price Volatility Hits Ethereum and OthersBy Billy Bambrough
MORE FORBESLegendary World’s Dominant Coin “Whale” Reveals Its Top Three Crypto Picks as Price Volatility Hits Ethereum and OthersBy Billy Bambrough

The price of bitcoin has skyrocketed in recent years, adding several thousand percent and helping … [+] the price of ethereum skyrocketing.


Coinbase

Meanwhile, the crypto industry is feeling optimistic about the changing regulatory landscape following an executive order from the Biden administration directing federal agencies to collaborate on a rulebook for blockchain companies. .

“It’s gotten harder and harder to meet a real crypto skeptic in DC,” Armstrong added, speculating that about half of Washington residents are now pro-crypto. Crypto industry lobbying has skyrocketed along with the price of bitcoin over the past two years, research shows.

The price of bitcoin, ethereum and other major cryptocurrencies rallied this week, climbing on the back of a closely telegraphed Federal Reserve interest rate hike that some feared would be more. hawkish than expected and following several positive bitcoin and crypto global developments.

“A growing number of countries are legalizing bitcoin as a currency, embracing its ability to strengthen financial infrastructure, facilitate wealth creation, and provide direct access to financial resources,” said Matt Senter, chief technology officer. from bitcoin rewards app Lolli, in email comments. .

“With the devaluation of the US dollar due to inflation, we now find ourselves in the perfect storm that is catalyzing the global mainstream adoption of bitcoin as an anti-inflationary, disintermediated alternative to our struggling legacy financial system.”

Related posts:

  1. Coinbase vs Coinbase Pro: is the upgrade worth it?
  2. UnitedMasters Launches Deal With Coinbase To Allow Artists To Get Paid In Cryptocurrency
  3. Bitcoin (100k Scenario) For COINBASE: BTCUSD By Marcosdaunte
  4. $ 39 million in Bitcoin just transferred to Coinbase
  • Terms and Conditions
  • Privacy Policy