Coinbase CEO Brian Armstrong is detailing a brand new checklist of predictions for Bitcoin and the cryptocurrency business at massive.
Armstrong says he believes a billionaire Bitcoin “flippening” is coming that may enhance science, tech, and charitable causes within the years forward.
Writing within the Coinbase Weblog, Armstrong says,
“Olaf Carlson-Wee and Balaji Srinivasan estimate that at a value of $200,000 per Bitcoin, greater than half the world’s billionaires shall be from cryptocurrency. Whether or not you assume this can be a good factor or a nasty factor, it means there shall be extra pro-technology folks with entry to massive quantities of capital within the 2020s.
Presumably, it will improve the quantity of funding made in science and know-how, and I believe we’ll see extra crypto of us flip to philanthropy.”
The crypto alternate head additionally makes a number of different predictions about the place he sees the digital asset area going within the coming years. Key insights embody:
- “Governments and establishments will transfer into the cryptocurrency area in a giant means” by creating central financial institution digital currencies (CBDCs).
- Privateness issues will mirror how the web moved from HTTP to safe HTTPS gateway protocols.
- Marketplaces will mature whereas decentralized finance (DeFi) grows independently.
Armstrong notes an vital pivot away from hypothesis towards helpful purposes in folks’s on a regular basis lives.
“By shifting cryptocurrency from being primarily about buying and selling and hypothesis to being about real-world utility, the 2020s will see an enormous improve within the variety of folks holding and utilizing cryptocurrency, and begin to actually transfer the needle on world financial freedom.”
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