The number of crypto consumers seems to be increasing in the future. Moreover, it can reach 1 billion people in a decade, said Chief Executive Officer of Coinbase Outline Inc, Brian Armstrong.
Armstrong’s estimate is a significant increase from the current number of consumers, which is close to 200 million people.
Armstrong’s opinion floated shortly after the crypto market faced a shock. Bitcoin figures slumped, after the break lay at a high of US$69K in November.
Bitcoin fell near 17% in the early hours of the year. While many voices are heard, both Armstrong and Cathie Wood act like CEOs of Ark Investment Management LLC are always one thing.
For Wood, decentralized finance (Defi) looks promising. As data, this area can allow people to do business, charter and borrow tokens directly, without having to go through intermediaries such as banks.
“In the next generation of DeFi and internet issues, we see many industries running out of talent in crypto. So they take it for granted or they want to get rid of it,” said Wood.
Wood said the development of crypto was stalled because of uncertain regulations in the Syndicate America (US). The regulation is much slower than the internet, he said.
Armstrong added, at the same time, “it’s getting harder and harder to meet real crypto skeptics in DC”. He claims close to more than 50% of Washingtonians are pro-crypto.