According to Brian Armstrong, Coinbase chief executive, a billion people will be using crypto in five years. This is a stunning prediction as the way people treat and use money is evolving before our eyes. Cryptocurrency is creating new models of alternative payment systems and decentralized banking.
As user adoption is increasing, the industry has crossed borders in attempting to match the demand for accessibility to crypto. This increase has also peaked interest from regulators would are working to regulate this new world. This may be why Armstrong believes the adoption will only increase at an astronomical pace in such a short period of time. This comment was in response to a question at TechCrunch Disrupt in San Francisco.
According to CCN, Armstrong believes a growing number of cryptocurrency companies will contribute to the overall crypto ecosystem growth. These companies will issue their tokens backed by their respective market caps under a regulated environment. In a way, these institutionalized digital assets will prove to be an alternative investment 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.”