Coinbase CEO Brian armstrong prediction 10 to 20 years from now.

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Quote from: MiF on May 03, 2022, 04:17:09 AM

I could hardly believe it when i saw the news today about the prediction of the coinbase CEO, he said 10 to 20 years from now cryptocurrency will have a 1 billion users, well he has a point the people who has involed in crypto on year 2021 market is reaching over 220 million individuals very big numbers of people, so his prediction sounds logical for me there is a big possibility that this could really happen and i believe that this has a good effect on cryptocurrency prices, this sounds like cryptocurrency will be having a great future 10 years from now? This means many more country will be using crypto or what? Can i have your predictions? What is your thoughts on this statements?

Honestly, don't worry about what the CEO of "x" company is doing now or in the future, because they certainly aren't worrying about you. They live completely different lifestyles to the rest of us and will be in VIP world for the rest of their lives unless they are extremely reckless with finances (unlikely). The current CEO will be wise enough to have a large and diversified portfolio with a majority outside of the world of crypto. In fact most of his wealth will likely reside in the form of Coinbase shares, which will produce a steady growth or pay out dividends from the profits that are generated. It can be hard to dislodge a market leader, so that's most likely what Coinbase will be focusing on and trying to identify or buy up any potential rivals.

hatshepsut93

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Which kind of users? I can imagine a total of billion people holding Bitcoin and trading alts, but everyday use sounds unlikely. Technological limitations, volatility, legal problems need to be solved, and it's unclear when or if all of them will be solved. Plus people need a reason to adopt cryptocurrency for payments, and "control over your money" is actually not a good reason for most people. People generally don't switch to a new thing if the old thing works just fine.

yhiaali3

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Of course very positive statements, when the CEO of a large exchange like Coinbase makes such optimistic statements, he certainly knows what to say because he is first-hand knowledgeable and has important information about the number of users who use Crypto daily and the amount of increase that is occurring on a daily basis, so I expect his statements to be very positive. It's based on solid data, so we're sure to see an increase in users as a result of mass adoption of Bitcoin about 10 years from now.

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Quote from: avikz on May 03, 2022, 01:35:52 PM

As a CEO of a cryptocurrency related company, you must be bullish about the market and its penetration. In 10 to 20 years, many things can happen. If we look at the growth rate of crypto adoption, 1 billion is a moderate prediction. We can see more than 1 billion.

That certainly means more countries will jump into the crypto bandwagon. More structured legal framework will be available. More startups emerging in the crypto market which will lead to more jobs etc. The whole ecosystem will increase.

Honestly I am not sure if you "have to" be bullish. Sure you should love it because its giving you a business, but if they have like lets say 1 billion dollars volume per month or whatever they have, it would be same for them if it goes from 40k to 80k or go rom 40k to 45k. The only thing that matters to them would be the volume because thats where they are getting the profit. However, their profit could be in bitcoin and maybe they are not selling it, which means the higher the price goes the more money they will have. The 1 bitcoin profit you make today worths 38k whereas it could be 80k tomorrow so being bullish would help too.

avikz

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Quote from: MiF on May 03, 2022, 04:17:09 AM

I could hardly believe it when i saw the news today about the prediction of the coinbase CEO, he said 10 to 20 years from now cryptocurrency will have a 1 billion users, well he has a point the people who has involed in crypto on year 2021 market is reaching over 220 million individuals very big numbers of people, so his prediction sounds logical for me there is a big possibility that this could really happen and i believe that this has a good effect on cryptocurrency prices, this sounds like cryptocurrency will be having a great future 10 years from now? This means many more country will be using crypto or what? Can i have your predictions? What is your thoughts on this statements?

As a CEO of a cryptocurrency related company, you must be bullish about the market and its penetration. In 10 to 20 years, many things can happen. If we look at the growth rate of crypto adoption, 1 billion is a moderate prediction. We can see more than 1 billion.

That certainly means more countries will jump into the crypto bandwagon. More structured legal framework will be available. More startups emerging in the crypto market which will lead to more jobs etc. The whole ecosystem will increase.

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Quote from: MiF on May 03, 2022, 04:17:09 AM

so his prediction sounds logical for me there is a big possibility that this could really happen and i believe that this has a good effect on cryptocurrency prices, this sounds like cryptocurrency will be having a great future 10 years from now? This means many more country will be using crypto or what? Can i have your predictions? What is your thoughts on this statements?

You can see two countries already that make bitcoin already a legal tender, you can see where the price and marketcap of bitcoin began, now bitcoin is having over $700 billion in marketcap and the whole crypto marketcap in the world is now having a marketcap greater than 2 trillion dollars. That is huge. No one should be saying this to people that have been familiar with cryptocurrencies some years ago that crypto future is bright. The future is bright and there are more achievements to come. People are getting to know more about cryptocurrencies. You can see top universities in the world starting to offer crypto courses. I still see this 13 years of bitcoin creation and adoption as still the beginning of what to come in the crypto bright future.

boris singer

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I would not be surprised by the news, due to the fact that major aggression is taking place during the pandemic and people are looking for financial alternatives. They are flocking to cryptocurrencies at a time when their work is almost said to have come to a standstill. So added a big boost to the market movement for almost 2 years. We have seen how Bitcoin ATH looks in that time period as well.

After opening the eyes of traders, investors, and those who from the beginning chose crypto as the most ideal alternative with generally known risks, they determined that this is where the era of digitalization of the financial sector in crypto is very big to be able to compete in the future. The output is clear that supply and demand have increased significantly.

Jody.Drummer

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if you look at this time, especially the growth of people who adopt bitcoin and crypto, I still feel that it will be more than that for the next 20 years, the development of crypto is now quite fast, even almost all over the world.
I think this development will continue to accelerate in recent years and it is not impossible that they will reach that number even before 20 years.
In the end, almost 20% of people around the world will adopt this if this prediction is true it will happen

BD Crypto

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I also predict the same because we know that Bitcoin already has a huge popularity and users. And we must say that Bitcoin already got a huge popularity in a very short time. If Governments start accepting Bitcoin the mass Bitcoin adoption will begin.

Silberman

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Quote from: MiF on May 03, 2022, 04:17:09 AM

I could hardly believe it when i saw the news today about the prediction of the coinbase CEO, he said 10 to 20 years from now cryptocurrency will have a 1 billion users, well he has a point the people who has involed in crypto on year 2021 market is reaching over 220 million individuals very big numbers of people, so his prediction sounds logical for me there is a big possibility that this could really happen and i believe that this has a good effect on cryptocurrency prices, this sounds like cryptocurrency will be having a great future 10 years from now? This means many more country will be using crypto or what? Can i have your predictions? What is your thoughts on this statements?

The prediction seems reasonable and with that much people using bitcoin then without a doubt the price is bound to go up as well, however such prediction makes sense if we assume that the current economic system is still in place and showing no signs of further deterioration, something I find doubtful, so it is entirely possible that the prediction falls short and a lot more people use bitcoin as it is a natural to think for me that the economies of the world would be in an even worse shape at that time.

ChiBitCTy

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Well of course the CEO of the worlds largest bitcoin exchange is going to say positive things about bitcoin and cryptocurrency adoption. I’m not saying he’s not right, as I think I mostly do agree with him, but Brian is a major snake in the grass so I’d take everything he says with a huge grain of salt. He’s all about what’s best for Coinbase and that’s it.

hd49728

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All models are wrong and do you know that models are tools for people to make prediction?

Consequently, most if not all predictions are wrong too. You should make your own research on Bitcoin and build up your own plan. 5 years, 10 years or 20 years, what is your plan for such periods?

Will you hold your Bitcoin?
Will you take profit at after 5 years, 10 years, 20 years no matter what price it will reach to?

For me, I don't predict Bitcoin price with time and I don't restrict my profit taking price at any price. If I see it grows too hot, I will take profit. However, I will wait to buy it again with price dips.

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Quote from: MiF on May 03, 2022, 04:17:09 AM

I could hardly believe it when i saw the news today about the prediction of the coinbase CEO, he said 10 to 20 years from now cryptocurrency will have a 1 billion users, well he has a point the people who has involed in crypto on year 2021 market is reaching over 220 million individuals very big numbers of people, so his prediction sounds logical for me there is a big possibility that this could really happen and i believe that this has a good effect on cryptocurrency prices, this sounds like cryptocurrency will be having a great future 10 years from now? This means many more country will be using crypto or what? Can i have your predictions? What is your thoughts on this statements?

While the CEO of Coinbase predicted that 1 Billion users will be hit in 10 to 20 years, the CEO of Crypto.com predicted the same amount of users but in a shorter amount of time. According to him, 1 Billion users will be hit by the end of 2022 base on this article from them: LINK

Between the 2 prediction, I think the CEO of Coinbase is more realistic and I think it will happen knowing that many can happen in the next 1 to 2 decades. At that time, there are more people already and we might see those kids at the present involving themselves into crypto. Anything can happen in that time span so I think it will happen and its reachable.

uelque

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For me one thing is for sure, and that is cryptocurrency has a greate future so his statement is possible it's just that we really don't know when. Coinbase CEO must be looking on growth of users per year that's why he's able to predict the possible growth on the next 10 to 20 years. And we all know, predictions based on data are not that accurate and there should be a small discrepancies but it possible, so it is possible to have a billion users in the next 10 years. And as we see on the news, cryptocurrencies specifically bitcoin are slowly being adopted globally. Like for example a country in africa that accepts bitcoin as payment and the growth of bitcoin machines even in the third world countries and many more. So yeah, for me what the coinbase CEO said is possible.

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Quote from: Upgrade00 on May 03, 2022, 06:04:51 AM

One big factor which would influence this is CBDCs (Central Bank Digital Currency).

most of the CBDC are not being invented using blcockchains. they are just using the multisig element to have xx trusted parties sign value into existance in a smart contract. and then use that contract to then split value in sub-smart contracts. like those federated coins and altnets you see pegged to real assets.

as for one billion users. well thats users of CEX (centralised exchanges) accounts. not 1 billion people owning their own private keys associated with actual utxo's

its not really big news.
the real big news is when 1billion people have retirement plans investing in crypto. again they are technically buying shares of centralised companies that have crypto assets as locked collateral. but the value of each users investment would be higher.

coinbase having 1 billion users would be like maybe $400bill a month moving around crypto,
where as 1billion retirement plans on spot ETF would be trillions a month moving around

TheBeardedBaby

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It works like a wave kind of adoption from what I see. When the price is rising, more and more newbies are joining the market of course with the sole purpose to make quick money. And of course many are left disappointed at the end. Then the hype wave goes away and the boring "bear" or "accumulation" market becomes a reality for a year or two, some of the newbies are still hanging around waiting for the new wave.
So and so after some years more and more newbies are coming to the market so the predicted number is not far from the truth.

Of course there's also "bans" and "regulations" which everyone fears but, majority of the countries look at the crypto with a positive view.

Upgrade00

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One big factor which would influence this is CBDCs (Central Bank Digital Currency).
If more countries adopt Bitcoin or launch their own blockchain related currencies to function alongside regular cash, that would draw in lots of users and spark more global adoption. With contribution from general growth of awareness about cryptocurrencies and new trends popping up like NFTs, then 1 billion in that timeframe is very reasonable.

What could be the effect of such wave? Well, it could dilute the number of users who actually use crypto covertly and remove the "crypto" in cryptocurrencies, as more centralized platforms emerge.

Lucius

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Since you didn't put a news source, we can only guess if he meant Bitcoin (and probably didn't), or all the possible altcoins/tokens, of which there are now about 20 000 on the market. If this pace continues, in 10 years we may have 100 000 tokens/altcoins and if there are 1 billion users, I am afraid to predict how many of them will continue to buy false promises as they do today.

It is my opinion that this whole crypto industry is booming too much, but not in some positive sense that would result in benefits for most investors, but in the sense that the few get rich at the expense of the majority who are naive. To me, honestly, the only thing that matters is how Bitcoin will go in all this, because everything else makes very little or practically no sense.

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Quote from: MiF on May 03, 2022, 04:17:09 AM

I could hardly believe it when i saw the news today about the prediction of the coinbase CEO, he said 10 to 20 years from now cryptocurrency will have a 1 billion users, well he has a point the people who has involed in crypto on year 2021 market is reaching over 220 million individuals very big numbers of people, so his prediction sounds logical for me there is a big possibility that this could really happen and i believe that this has a good effect on cryptocurrency prices, this sounds like cryptocurrency will be having a great future 10 years from now? This means many more country will be using crypto or what? Can i have your predictions? What is your thoughts on this statements?

We could count this as him being biased towards crypto, I mean, he is the CEO of Coinbase, but he might not be that far of. I am glad he is referring to cryptocurrencies in general and not BTC, and that's smart because the idea that BTC will be the only one, or the biggest one just doesn't hold anymore. But again, those numbers can be reached only if crypto solves its environmental issues (looking at you Bitcoin), the need for governments for more centralization and transparency, and its ongoing security threats. If those issues are not handled, I doubt we will see those numbers rise.

Cryptomiles1

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Quote from: MiF on May 03, 2022, 04:17:09 AM

I could hardly believe it when i saw the news today about the prediction of the coinbase CEO, he said 10 to 20 years from now cryptocurrency will have a 1 billion users, well he has a point the people who has involed in crypto on year 2021 market is reaching over 220 million individuals very big numbers of people, so his prediction sounds logical for me there is a big possibility that this could really happen and i believe that this has a good effect on cryptocurrency prices, this sounds like cryptocurrency will be having a great future 10 years from now? This means many more country will be using crypto or what? Can i have your predictions? What is your thoughts on this statements?

From his prediction 220Mio users in just 2021 there is every possibilities and logically in the next 5 years instead of 10 to 20 year time, and i strongly believe that as year passes by the more the population troop into it so i have a great feeling that by the end of this year we could record 300Mio people from his statistics. it solid impact in the crypto market not only limited to BTC but all ALT generally.

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