Coinbase CEO Says Bitcoin and Cryptocurrency Must Evolve to Reach Mass Adoption & other BTC news
Check it out: https://www.youtube.com/watch?v=bgm7-E3hrHg&feature=youtu.be
Coinbase CEO Brian Armstrong thinks Bitcoin and crypto must evolve and become easier to use before widespread adoption can take place.
In a new interview with Peter McCormack, the host of the What Bitcoin Did podcast, Armstrong, who co-founded the leading US crypto exchange, says BTC needs to follow the internet’s lead in terms of usability.
“We have not taken any unnecessary risks with [Bitcoin], and we have ensured that it is going to probably survive the test of time as the gold standard, and we may find other solutions with scalability with layer two. I guess the other way to look at it is, ‘What would have happened if we had found a way to safely scale it?’ Maybe we would not have had a need for some of these other chains that have come up and divided focus.
The Cryptocurrency Portal
https://www.thecryptocurrencyportal.com
Check it out: https://www.youtube.com/watch?v=bgm7-E3hrHg&feature=youtu.be
Coinbase CEO Brian Armstrong thinks Bitcoin and crypto must evolve and become easier to use before widespread adoption can take place.
In a new interview with Peter McCormack, the host of the What Bitcoin Did podcast, Armstrong, who co-founded the leading US crypto exchange, says BTC needs to follow the internet’s lead in terms of usability.
“We have not taken any unnecessary risks with [Bitcoin], and we have ensured that it is going to probably survive the test of time as the gold standard, and we may find other solutions with scalability with layer two. I guess the other way to look at it is, ‘What would have happened if we had found a way to safely scale it?’ Maybe we would not have had a need for some of these other chains that have come up and divided focus.
The Cryptocurrency Portal
https://www.thecryptocurrencyportal.com
This is absolutely true. However, we should know that there is a long way ahead of us before bitcoin can reach mass adoption.
There are certain factors that contributes to this.
First, so many are scared of the volatility of bitcoin. People got burnt in 2018 when bitcoin rose to it's peak in late 2017 and gradually dwindled. Such people would be reluctant to get back in and with them many they would have dissuaded.
Secondly, many people consider bitcoin only as a digital asset. Until everyone sees bitcoin as a means of payment can it reach mass adoption