Coinbase Will Reach 1 Billion Users By 2030 Says CEO Brian Armstrong

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Crypto Investments are still a fantasy and are reaching sky-high levels every passing day. According to a report by Bitget, Foresight Ventures, and Boston Consulting, it is foreseen that if such an investment pattern continues, the overall users of Coinbase will reach 1 billion by 2030.

My guess is that in 10-20 years, we’ll see a substantial portion of GDP happening in the crypto economy,” Armstrong said while speaking at a session with LLC CEO Cathie Wood (ARK Investment Management). 

Investment Patterns

After the market crunch, some non-crypto enthusiasts believe that it’s too late to invest in cryptocurrency as per the current Crypto prices. But as per the reports, the market is in its adoption phase as crypto investments are becoming a fantasy, with each individual user investing nearly 0.3% of his wealth in digital assets. But in comparison to this, users are investing approximately 25% of their money in traditional assets including equity and private stock. 

Investing attitudes are significantly different in North Americans and Africans. A typical African investor holds crypto assets of around $190. As per the combined report of BSG, Bitget, and Foresight Ventures, there is anticipation regarding the entrance of new users despite the market crunch. The users will reach up to 1 Billion within a decade, compared to the growth of the Internet in the 1990s.

Skilled investors are getting more allured by the crypto markets. Where institutional investors are investing 2% of their wealth in crypto, retail users are investing 4%, totaling approximately $300 million. 

As per a study, hedge funds and Venture capital firms are the most willing to make investments in the crypto markets among all the institutional investors. Jumping to approx $70 billion in 2021, there is a market expectation that investments will continue to increase in the coming years too.