Crypto Catch: Coinbase CEO makes big crypto prediction; Bitcoin jumps 5%

May 05, 2022 02:05 PM AEST | By Daniel Paul Johns

Crypto Catch: Coinbase CEO makes big crypto prediction; Bitcoin jumps 5% — Image source: © Dusanzidar | Megapixl.com

Highlights

Coinbase CEO, Brian Armstrong, speaking at the Milken Institute Global Conference this week, said that in ten to twenty years, a substantial portion of GDP will be happening in the crypto economy

Bitcoin saw an increase of nearly five percent from yesterday and is now valued at US$39,650

CEO of Coinbase, Brian Armstrong has made some big predictions regarding Bitcoin, predicting that 1 billion people will have used crypto by 2032.

Armstrong, speaking at the Milken Institute Global Conference this week, said that in ten to twenty years, a substantial portion of GDP will be happening in the crypto economy.

In the past few years, crypto has become increasingly mainstream with more and more people adopting Bitcoin, rapidly growing the wider crypto economy.

Also Read: Bitgert (BRISE) crypto rally continues, returns 290% gains YTD

Moreover, decentralised finance or DeFi, which is where crypto technology replaces the work of traditional lenders, is now a multi billion-dollar enterprise.

Additionally, major companies, like Tesla and Facebook parent, Meta have adopted crypto, pushing it further into the mainstream.

Market News

Bitcoin saw an increase of nearly five per cent from yesterday and is now valued at US$39,650.

Meanwhile, Ethereum also grew five per cent overnight to now sit at US$2,940.

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Data Source: CoinMarketCap.com, based on top 100 cryptos.

Note: Growth from the 24 hours prior to 12:30pm AEDT

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