The CEO of crypto buying and selling big Coinbase says he’s holding heaps of Bitcoin (BTC) and believes the way forward for altcoins is brighter than ever.
Brian Armstrong tells enterprise capitalist Anthony Pompliano that BTC sparked a revolution in pc science and economics, making 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 economic system is constructed off various 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 variety of respectable, alternate crypto belongings to emerge within the years to return.
“My guess is that we’ll finally be in a world the place there’s perhaps dozens of blockchains, however hundreds of 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 exhausting to think about the place that ends.”
Armstrong says although he holds BTC, which he says shall be round endlessly 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 challenge wins and which one doesn’t. We simply wish to serve our prospects.”
Coinbase has added an extended listing of altcoins to its platform this yr, together with the newest addition of the gaming non-fungible token (NFT) known as Journey Gold (AGLD).
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