Coinbase's CEO Brian Armstrong, one of the most distinguished representatives of the crypto industry, has revealed his expectations of Bitcoin for the coming decade. First of all, the expert believes that a solution to the problem of scalability and limited privacy will be found on public blockchains, thereby leading to a rise in a new crop of crypto startups and new spheres of application. He predicts this step will increase the number of people involved in the crypto ecosystem, from 50 million to 1 billion. For the most part, it will arouse interest among users from emerging markets with an unstable economic and financial environment. Besides, Armstrong also sees a future where governments of these countries make a mass move into the crypto sphere and use virtual money. The global adoption of Bitcoin will make the crypto market structure resemble the traditional financial world, while “during the last decade, many of the companies we think of as cryptocurrency exchanges were actually brokerages, exchanges, custodians”. As an example, the expert cited Coinbase Custody, which had managed to become a separate company providing secure storage of crypto assets. Besides, he stated that the Coinbase Pro cryptocurrency exchange would become an independent brokerage and exchange business in the near future. If Bitcoin reaches a price of $200,000 per coin, more than half of the world's billionaires will be from the crypto industry. Many of them would turn to philanthropy as well as invest in science and technology, the head of Coinbase suggested.
