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Coinbase CEO Sees Crypto Dominating 10% of the World’s Economy by 2030
In a recent earnings call, Coinbase CEO Brian Armstrong presented a bold prediction for the future of cryptocurrency. He believes that the infrastructure could potentially power a staggering 10% of the global Gross Domestic Product (GDP) by the year 2030.
The astonishing forecast comes as Coinbase continues to excel in its financial performance. The exchange has reported an impressive $2.3 billion income, surpassing expectations and marking the company’s largest quarterly results in over a year.
Armstrong attributes this significant growth to institutional investors and retail traders alike rediscovering their interest in digital assets. This renewed enthusiasm is fuelled by recent comments from Federal Reserve Governor Christopher Waller suggesting that regulatory attitudes may shift, potentially paving the way for mainstream adoption.
To achieve such ambitious goals, Coinbase will focus on three key areas: expanding revenue streams from existing products, driving utility through emerging crypto categories, and establishing infrastructure for long-term growth. By doing so, the company aims to transition from conjecture to concrete practice, and foster trust among established institutions.
While reaching this lofty aspiration is still uncertain, the trajectory of the industry suggests that digital assets are rapidly becoming an integral part of the global financial landscape.
Source: bitcoinist.com
