Coinbase will reach 1 billion users by 2030, says CEO Brian Armstrong
Crypto investment is still a fantasy and is reaching sky high levels with every passing day. According to a report by Bitgate, Foresight Ventures and Boston Consulting, it is estimated that if such an investment pattern continues, Coinbase’s overall users will increase. coinbase [email protected] centralized exchange Follower: 0 view Profile will reach 1 billion by 2030.
I estimate that in 10-20 years, we will see a substantial portion of GDP going into the crypto economy.Brian Armstrong Brian Armstrong Founder and CEO on coinbase Brian Armstrong is one of the most famous figures in the crypto industry today. He is an American investor, entrepreneur and business executive. He is the CEO of Coinbase. A cryptocurrency platform. He is also a sought-after crypto expert and is frequently invited to speak at conferences around the world. Armstrong has often mentioned in his interviews that his dream is to turn Coinbase into an all-in-one crypto platform where customers (both casual and institutional) can avail a wide range of products and services with the touch of a button. Huh. His early occupations included working as a developer for IBM and a specialist for Deloitte. In 2011, he joined Airbnb as a programmer and was presented with payment systems in each of the 190 countries Airbnb worked in at the time. entrepreneurinvestordeveloper/programmerCrypto and Blockchain Expert Follower: 0 view Profile Speaking in a session with LLC CEO Kathy Wood said kathy wood Founder and CEO of Ark Investing investing in ark Cathy Wood was born on November 26, 1955 in Los Angeles, her father served as a radar systems engineer in the British Army and the United States Air Force. In 1981 he graduated summa cum laude from the University of Southern California with a bachelor of science degree in finance and economics. One of his professors was economist Arthur Laffer, who became Wood’s mentor. In 1977, he got a job as an assistant economist at Capital Group through his mentor Arthur Laffer. where he worked for three years. She then moved to New York City to take a job at Jenison Associates as chief economist, analyst, portfolio manager, and managing director. He worked there for 18 years. In 1998, he co-founded Tuelo Capital Management, a hedge fund based in New York City, along with Lulu C. Wang. She began her career in 2001 as Chief Investment Officer for Global Theme Strategies at AllianceBernstein, a position she held for 12 years. After her idea of actively managing exchange-traded funds based on disruptive innovation was deemed too risky by Coalition Bernstein, she left the company and founded Ark of the Covenant. ARK’s first 4 ETFs were combined with capital from Bill Hwang of Arcagos Capital. He was selected for the inaugural Forbes 50 over 50 list in 2021, which includes entrepreneurs, leaders, scientists and innovators over the age of 50. entrepreneurotherCrypto and Blockchain Expert Follower: 0 view Profile (ARK Investment Management).
Following the market crunch, some non-crypto enthusiasts believe that it is too late to invest in cryptocurrency as per the current crypto prices. But according to reports, the market is in its adoption phase as crypto investing is becoming a fantasy, with each individual user investing around 0.3% of their wealth in digital assets. But in comparison, users are investing around 25% of their money in traditional assets including equities and private stocks.
The investment approach in North Americans and Africans is quite different. A typical African investor has around $190 worth of crypto assets. According to a joint report by BSG, Bitgate and Foresight Ventures, new users are expected to enter despite the market crunch. Users will reach 1 billion within a decade, compared to the growth of the Internet in the 1990s.
Skilled investors are increasingly attracted to the crypto markets. Where institutional investors are investing 2% of their assets in crypto, retail users are investing 4%, totaling around $300 million.
According to a study, among all institutional investors, hedge funds and venture capital firms are the most willing to invest in crypto markets. The market expects investments to continue to grow in the coming years, jumping to around $70 billion in 2021.