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

The CEO of crypto buying and selling large 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 pc science and economics, creating a model new business that continues to be in its early days.

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

We already are on this world the place the crypto economic system is constructed off a quantity of totally different belongings 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 reliable, alternate crypto belongings to emerge within the years to come back.

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

Armstrong says regardless that he holds BTC, which he says might be round perpetually because the “gold” of the business, Coinbase is neutral about which cash find yourself successful out.

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

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


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Featured Image: Shutterstock/Tithi Luadthong

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