Home Coinbase Coinbase CEO Brian Armstrong Unveils Bitcoin and Crypto Predictions, Says ‘Billionaire Bitcoin Flippening’ Is Coming

Coinbase CEO Brian Armstrong Unveils Bitcoin and Crypto Predictions, Says ‘Billionaire Bitcoin Flippening’ Is Coming

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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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