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Coinbase CEO Brian Armstrong released, Friday, a new list of predictions for Bitcoin and the cryptocurrency industry.
Armstrong believes a billionaire Bitcoin based upon blockchain concepts will boost technological, scientific and charitable causes in the near future.
He believes as soon as the price rises up to USD 200,000 per Bitcoin, more than half the world’s pro technology billionaires will be from investment in the crypto industry.
The crypto exchange head also made several predictions about governments and institutions that will move into the cryptocurrency space in a big way including the creation of official central bank digital currencies (CBDCs).
Privacy concerns and decentralized finance will be among several hot issues in the coming years.
Armstrong has noted that importance of useful applications will increase in people’s everyday lives in the 2020s, an era that will see a huge increase in the number of people holding and using cryptocurrency, and start to move the needle of global economic freedom.
