A Billion People Will Be Using Cryptocurrency in 5 Years: Brian Armstrong

[SuperBazooka]

A Billion People Will Be Using Cryptocurrency in 5 Years: Brian Armstrong
The world of money is revolutionizing in front of our eyes. Cryptocurrency is creating new paradigms for alternative payment systems and decentralized banking. There is no doubt that the user adoption of various cryptocurrencies is rapidly increasing. The cryptocurrency industry has become more fluid as the borders between it and mainstream finance continue to blur. At the same time, regulators are spending long hours at work to regulate the booming circle of crypto-enthusiasts.

It could be one of the prime reasons why Brian Armstrong believes crypto-adoption will increase at an astronomical pace in the next half-decade.

The Coinbase chief executive was responding to a question about cryptocurrency’s international outreach at TechCrunch Disrupt in San Francisco, to which he predicted that 1 billion people would eventually be using cryptocurrencies in the next five years.

Armstrong believes a growing number of cryptocurrency companies will contribute to the overall crypto ecosystem growth. These companies, under a regulated environment, will issue their tokens backed by their respective market caps. In a way, these institutionalized digital assets will prove to be an alternative investment system in addition to equities.

“It makes sense that any company out there who has a cap table should have their token,” Armstrong said. “Every open source project, every charity, potentially every fund or these new types of decentralized organizations [and] apps, they’re all going to have their tokens.”

Coinbase, the U.S. company Armstrong heads, is one of the world’s largest bitcoin and altcoin exchanges by trading volume. They have only recently entered the U.K. markets to tap the growing crypto-user base in the country. Previously, it had been working actively in the U.S. and Europe, and it has amassed over 13 million users to date. That makes it 32.5 percent of the overall crypto-users — arguably, anyway.

Armstrong plans to expand Coinbase to more global territories. They have recently announced their plans to open new offices in Africa.
https://www.ccn.com/a-billion-people-will-be-using-cryptocurrency-in-5-years-brian-armstrong/

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[BitcoinMaster555]

Nowadays people are connecting with digital money and crypto currency is a platform where they invest and also earn profit. That’s why this market is becoming popular among the people.

[PureDefender]

If a billion people gets involved with the market then it might be a good thing because that would mean that there will be a billion times more demand for the coins in the market compared to what it holds now. The market will then be at a better place than it is now.

[bitcoinhunter888]

I think that this prediction might come true. Cryptocurrency is the future to the digital transaction system. Sooner or later, every country in the world will feel the need of cryptocurrency. The coinbase chief executive, Brian Armstrong, predicted that in next 5 years the cryptocurrency user are increase in number by 1 billion.

[steve_rogers321]

According to Brian Armstrong, the chief executive of coinbase, the number of users of cryptocurrency is going to increase by 1 billion in about next 5 years. Everyday the field of cryptocurrency is expanding and the number of cryptocurrency users are also increasing in the same rate. He believes that the growth will be caused by the growing number of cryptocurrency companies. There is a big probability of this prediction coming true as the cryptocurrency market is actually expanding everyday.

[BitcoinMaster555]

Given that the coin is gaining popularity day by day, it will not be something out of the blue to see that millions of people are engaged in this market. In fact it will be something good for the market too, to have this many people actively investing in the market.

[redrose8226]

All in all it does seem to be a good thing that the market will have more people on board with crypto. Also as time goes by there will be an increase in the participation from the people because the market is getting popular and also a lot of the giants such as Samsung and BMW are accepting crypto for payments. This will motivate them more to be a part of the market so that they are not behind.

[basescore]

I would not be surprised if this prediction came true, especially when the banks and other financial institutions are already working at integrating cryptocurrency into their own systems.

[aoluain]

This point is definitely thought provoking
"The cryptocurrency industry has become more fluid as the borders between it and mainstream finance continue to blur."

Because of this point bitcoin and crypto will see more users interacting with
the technology and projects through existing decentralised tools and
centralised  products which are and will be rolled out by banks and other
institutions so yes i agree with the ideas posted in the OP.

[blackandwhite89]

If the market gets billions of people on board after 5 years, then it will mean that there will be billion times more investments and miners and introduction of new coins and projects too. Over all it does sound like a positive news. The only downside it, there seems to be no links here that would mean that it is a legit news.

[PureDefender]

Well that's a reasonable prediction at least, given the track record of adoption of cryptocurrencies across the world and countries that slowly watering down the strict rules and regulations of set up by their government, by 2023 we can definitely expect at least a billions of people either investing or being partially affiliated with cryptocurrency related industries.

[fokinflor]

I think that this prediction might come true. Cryptocurrency is the future to the digital transaction system. Sooner or later, every country in the world will feel the need of cryptocurrency. The coinbase chief executive, Brian Armstrong, predicted that in next 5 years the cryptocurrency user are increase in number by 1 billion.

I definitely agree with that, If a billion people get involved in trading in the upcoming 5 years we all will be millionaires with our current portfolio assuming everyone is holding at least $3000 worth of crypto.

[chikading2016]

This is so true. Bitcoin is really profitable yet convincing and interesting, o believe that it will become the most amazing thing in the near future, because it has a very amazing fast growing economy that grow every single our of the day. So maybe in the near future bitcoin will become more popular and maybe many more people will become user of it.

[metalglowd]

A Billion People Will Be Using Cryptocurrency in 5 Years: Brian Armstrong
The world of money is revolutionizing in front of our eyes. Cryptocurrency is creating new paradigms for alternative payment systems and decentralized banking. There is no doubt that the user adoption of various cryptocurrencies is rapidly increasing. The cryptocurrency industry has become more fluid as the borders between it and mainstream finance continue to blur. At the same time, regulators are spending long hours at work to regulate the booming circle of crypto-enthusiasts.

It could be one of the prime reasons why Brian Armstrong believes crypto-adoption will increase at an astronomical pace in the next half-decade.

The Coinbase chief executive was responding to a question about cryptocurrency’s international outreach at TechCrunch Disrupt in San Francisco, to which he predicted that 1 billion people would eventually be using cryptocurrencies in the next five years.

Armstrong believes a growing number of cryptocurrency companies will contribute to the overall crypto ecosystem growth. These companies, under a regulated environment, will issue their tokens backed by their respective market caps. In a way, these institutionalized digital assets will prove to be an alternative investment system in addition to equities.

“It makes sense that any company out there who has a cap table should have their token,” Armstrong said. “Every open source project, every charity, potentially every fund or these new types of decentralized organizations [and] apps, they’re all going to have their tokens.”

Coinbase, the U.S. company Armstrong heads, is one of the world’s largest bitcoin and altcoin exchanges by trading volume. They have only recently entered the U.K. markets to tap the growing crypto-user base in the country. Previously, it had been working actively in the U.S. and Europe, and it has amassed over 13 million users to date. That makes it 32.5 percent of the overall crypto-users — arguably, anyway.

Armstrong plans to expand Coinbase to more global territories. They have recently announced their plans to open new offices in Africa.
https://www.ccn.com/a-billion-people-will-be-using-cryptocurrency-in-5-years-brian-armstrong/

since crypto is used up to now, we only see that the use of cryptocurrency is only a part of trading and for now the use of crypto must be as easy as using a credit card or ATM. So in my opinion, the most important thing is not the number of people, but how this application works

[kendra1107]

This is actually not far fetched. The digital world, particularly cryptocurrency is now reaching out into vast parts of the globe with tremendous speed due to increasing popularity and legitimacy brought about by the acceptance and integration of some of the big names in the business industry. And place on top of that are famous personalities who are now taking interest in crypto. Five years is quite a long journey and a lot will happen. A billion crypto users in 5 years may not be day dream.

[Charlessy]

Nowadays people are connecting with digital money and crypto currency is a platform where they invest and also earn profit. That’s why this market is becoming popular among the people.

I believe with Brian Armstrong's prediction in 5 years that bitcoin users reach one billion people, because there are several advantages that bitcoin has compared to fiat money. Among other things, transactions are simpler because they do not involve banks for large transactions. It's cheaper, because it doesn't matter how much the transaction value costs are the same.

[sakahayang]

This information is very good, because it can motivate other bticoin users. considering the current price of Bitcoin is very low from the past 2 years which has increased rapidly.
if indeed it the Armstrong target, then it so targets all people who use Bitcoin. If we see Bitoin users now, are getting tired because of prices that cannot rise.
I don't much to speculate, I can only hope that the Armstrong target is truly achieved.

[yazher]

Only a speculation bro but not hard to believe because at this time only few people know about it and some of them doesn't really care how it works. so when the time they introduce it to the mass people this speculation will sure become true in the next 5 years..

[BitNaija]

There is every reason to agree with Brian Armstrong. There has not been a time when peer to peer transfer at minimal cost as now, through cryptocurrency. There has not been a time when getting a universal payment system is most eminent as now made possible by cryptocurrency. These are the attractions that will overpower the activities of the whales, the bears and the bulls. Much as we are experiencing market dip, there is underground mass adoption of cryptocurrency as a payment system.

[wairawein]

Today's electronic money is really well known and used, electronic money has had some good benefits so many people have welcomed electronic money, a new digital money platform will soon change the look of people about digital money.