Ever-confident Brian Armstrong predicts exponential growth in the cryptocurrency industry

Armstrong

Brian Armstrong, of the global cryptocurrency trade exchange Coinbase, is known for his optimism in the future of cryptocurrency. Once again, the Coinbase CEO has expressed his sentiment on the industry with hopeful predictions.

In a recent interview with TechCrunch, Armstrong reviewed his thoughts on how the industry might look in the future.


Ever-confident, Armstrong declared that he saw Coinbase emerging with the same sort of success as that of the New York Stock Exchange. He also expressed that he thinks that the cryptocurrency industry will see exponential growth in the number of tokens in the market and that organizations will start to adopt the innovation and will develop their own cryptocurrencies

Armstrong said:

“It makes sense that any company out there who has a cap table should have their own token. Every open source project, every charity, potentially every fund or these new types of decentralized organizations [and] apps, they’re all going to have their own tokens.”

He added that he could see Coinbase acting as the platform which will be globally recognized as “the bridge all over the world where people come and they take fiat currency and they can get it into these different cryptocurrencies”.

Armstrong responded to the issue that might arise with regards to regulation, calling it “a big open question,” saying that nothing is confirmed whether tokens will be considered as securities or not, but allowed that Coinbase does “feel a substantial subset of these tokens will be securities.”

Earlier this year, Armstrong took to social media in order to offer encouragement to investors and employees to hold hope during the bear market, saying:

“After many years of this, I’ve come to enjoy the down cycles in crypto prices more. It gets rid of the people who are in it for the wrong reasons, and it gives us an opportunity to keep making progress while everyone else gets distracted. We use the down cycles to build a strong foundation so we can thrive in the next growth cycle.”

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