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The CEO of Coinbase, Brian Armstrong, is very optimistic about the adoption of cryptocurrencies in the next decade. He said this at the Milken Institute Global Conference in Los Angeles.
If anyone firmly believes in a bright future for cryptocurrencies, it’s Brian Armstrong, the CEO of the exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. Coinbase, the most influential cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. trading platform a place to buy, sell and store cryptocurrency in the United States, based in San Francisco, California, offering exchange services in 32 countries, as well as storage and management of digital digital technologies are these electronic tools that have the ability to generate, store or even process data. assets in 190 countries around the world.
On the first day of the Global Conference of the Instituto Milken in Los Angeles, Armstrong took part along with investor Cathie Wood, CEO of ARKInvest.
— Milken Institute (@MilkenInstitute) May 2, 2022
Allí Armstrong dijo: “ I guess in 10-20 years, we will see a substantial part of GDP (Gross Domestic Product) in the cryptoeconomy.” He also predicted that there will be billion crypto users in the world ten years. That would be about one-eighth of the world, as global agencies predict a world population of about 8.5 billion by the 2030s.
This compares to an 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 a movement encouraging alternatives to traditional, centralized forms of financial services. and next-gen Internet, we’re seeing a lot of financial companies losing talent to cryptocurrencies.”
Both Wall Street and various government agencies and financial firms – such as banks – have lost employees to being absorbed by cryptocurrencies in the past year. “Wall Street has to take it seriously, or else they will be hollowed out.” Wood added.
Wood said the advancement of cryptocurrencies continues to be stifled by a lack of regulatory clarity, something not experienced even in the early days of the internet.
If you want to see the full presentation of both experts you can see it here:
Version of DiarioBitcoin
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