Coinbase CEO Says He Owns a Ton of Bitcoin, Unveils Outlook on Rise of Altcoins

The CEO of crypto buying and selling big Coinbase says he’s holding heaps of Bitcoin (BTC) and believes the long run of altcoins is brighter than ever.

Brian Armstrong tells enterprise capitalist Anthony Pompliano that BTC sparked a revolution in laptop science and economics, creating a model new trade that continues to be in its early days.

 

“Bitcoin is what received me enthusiastic about crypto within the first place. I maintain a ton of Bitcoin.

We already are on this world the place the crypto financial system is constructed off a quantity of totally different property and blockchains which have totally different functions, whether or not that’s to be gold, funds, safety contracts, or gaming.”

Armstrong says he expects gargantuan quantity of authentic, alternate crypto property to emerge within the years to come back.

“My guess is that we’ll ultimately be in a world the place there’s possibly dozens of blockchains, however hundreds of thousands or billions of tokens, and you could possibly think about all of the varieties of issues individuals would use these for. There’s gonna be so many tokens, it’s going to be exhausting to think about the place that ends.”

Armstrong says regardless that he holds BTC, which he says can be round eternally because the “gold” of the trade, Coinbase is neutral about which cash find yourself profitable out.

Coinbase has all the time been agnostic about which undertaking wins and which one doesn’t. We simply need to serve our clients.”

Coinbase has added a lengthy checklist of altcoins to its platform this 12 months, together with the latest addition of the gaming non-fungible token (NFT) known as Adventure Gold (AGLD).



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Featured Image: Shutterstock/Tithi Luadthong

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