Coinbase CEO Predicts One Billion Crypto Users Within a Decade

Within a decade, 1 billion people will have used or tried crypto, up from about 200 million currently, Coinbase Global Chief Executive Officer Brian Armstrong said at the Milken Institute Global Conference on Monday. From a report: "My guess is that in 10-20 years, we'll see a substantial portion of GDP happening in the crypto economy," Armstrong said, speaking at a session with ARK Investment Management CEO Cathie Wood. His comments come at a time of turbulence in crypto markets. After hitting an all-time high of almost $69,000 in November, Bitcoin has been falling in value. The world's biggest cryptocurrency is down about 17% since the beginning of the year. The chorus of skeptics' voices has gotten louder, but Armstrong and Wood, whose Ark is one of the biggest Coinbase investors, have shown a united front. Wood is seeing promise in even decentralized finance, a lightly regulated corner of crypto where people can trade, lend and borrow tokens directly, without intermediaries like banks.

Read more of this story at Slashdot.