Brian Armstrong of Coinbase, is known for his optimism in the future of cryptocurrency. Once again, the Coinbase CEO expressed his sentiment on the industry with hopeful thoughts. In a recent interview with Coinbase CEO, he reviewed his thoughts on how cryptocurrency might look soon. Armstrong confidently declared that he saw the company emerging with the same sort of success as that of the New York Stock Exchange (NYSE). He did express that he thinks the crypto industry will have exponential growth of tokens in the market and organizations will start adopting the innovation and will build their own cryptocurrencies.
Brian Armstrong said:
“It makes sense that any company out there who has a cap table should have their own token. Every open source project, every charity, potentially every fund or these new types of decentralized organizations [and] apps, they’re all going to have their own tokens.” Added that he see Coinbase acts as the platform which will be recognized globally as “the bridge all over the world where people come and they take fiat currency and they can get it into these different cryptocurrencies”.
He responded to the issue that might arise about the regulations., Called “a big open question,” said that nothing is confirmed tokens will be considered as securities or not, but allowed that Coinbase does “feel a substantial subset of these tokens will be securities.” Armstrong took social media in order offer encouragement while in bear market, earlier this year saying:
“After many years of this, I’ve come to enjoy the down cycles in crypto prices more. It gets rid of the people who are in it for the wrong reasons, and it gives us an opportunity to keep making progress while everyone else gets distracted. We use the down cycles to build a strong foundation so we can thrive in the next growth cycle.”
