One Million People Will Use Cryptocurrency in 5 Years: Brian Armstrong
One Million People Will Use Cryptocurrency in 5 Years: Brian Armstrong

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The money world is revolutionizing our eyes. Cryptocurrency creates new paradigms for alternative payment systems and decentralized banking. Of course, the adoption of various cryptographic currencies of the user is increasing rapidly. The crypto-currency industry has become more fluid as the borders between them and the main finance financing continue to blur. At the same time, regulators spend a lot of time editing the evolving circle of crypto-enthusiasts.

It could be one of the most important reasons why Brian Armstrong’s crypto-in-the-bosom believes that astronomical speed will increase in the next half-decade.

Coinbase CEO was responding to a question about the international access of Cryptocurrency in the TechCrunch Disrupt in San Francisco. The report estimated that 1 billion people would eventually use crypto money in the next five years.

Armstrong believes that an increasing number of crypto-currency companies will contribute to the growth of the total crypto ecosystem. These companies, under a regulated environment, will publish their symbols supported by their market caps. In a nutshell, these institutionalized digital assets will be an alternative investment system in addition to stocks.

“It makes sense that any company that has a cover table has its own markers,” Armstrong said. “Every open source project, every charitable organization, potentially every fund or organization distributed [and] in this new species will be markers for all.”

Coinbase, the chairman of the US company Armstrong, is one of the world’s largest bitcoin and subcoin purchases, according to trade volume. The crypto growing in the country recently entered the US markets to touch the user base. Previously, he worked actively in the US and Europe, and so far more than 13 million users have gathered. This makes up 32.5% of crypto users in general – still undisputed.

Armstrong is planning to expand Coinbase to more global regions. They recently announced plans to open a new office in Africa.

In the long run, Armstrong believes they will function like the New York Stock Exchange (NYSE) and will probably have “millions” of jets in their portfolio.

“We feel that an important subset of these tokens will be securities,” he said. “Our approach has always been the most reliable [crypto currency exchange] and the easiest to use. For this reason, we want to be a legitimate place where you can start trading these tokens, which are classified as securities.


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