HomeExchange NewsCoinbase Rep: Everyone Will Be Involved in Crypto by 2030

Coinbase Rep: Everyone Will Be Involved in Crypto by 2030

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Jesse Pollak – the protocols lead for popular digital currency exchange Coinbase – believes that everyone on Earth will be introduced to blockchain and crypto within the next seven years.

Coinbase Rep Thinks Everyone Will Be On-Chain in Seven Years

In an interview, Pollak recently stated:

Our feeling is that there’s so much growth ahead of us. We have less than ten million people on-chain today. There’s going to be eight billion people on-chain over the next decade.

Coinbase has been doing rather well as of late. Despite a nasty lawsuit initiated by the Securities and Exchange Commission (SEC), the company’s stock has surged in recent months, and it now has a goal to bring at least one billion new customers into the growing world of crypto. Pollak said:

I think it’s happening right before our eyes.

One of the big clinchers, in his opinion, is that companies like BlackRock now feel confident enough to submit applications for bitcoin-based exchange-traded funds (ETFs). He doesn’t think this would have happened three to five years ago, but right now, with the world of crypto growing to such unprecedented heights, he says things are really starting to change. He commented:

Everyone’s going to finally be put on a level playing field, where they get access to the same products and services, regardless of where they were born or where they live… It’s really all about increasing the number of things people can do, so people have more opportunities to use Coinbase. It’s not just speculation and trading. It’s also art, music, gaming, and other consumer products.

While Coinbase may be having a few good months under its belt, it appears that at the time of writing, the prices of major cryptocurrencies – like bitcoin, Ethereum, and Ripple’s XRP – have stalled somewhat following a few heavy boosts in June. Alex Kuptsikevich – senior market analyst at FX Pro – stated:

Bitcoin failed to develop any local upward momentum and continues to test the lower boundary of its last trading range. Following the sell-off in risk assets and the rise in the dollar, the first cryptocurrency has returned to below $30,000. A failure below opens the door to a deeper correction to $28,900, where the 61.8 percent Fibonacci retracement and 50-day moving average are concentrated.

Watch Out, ETH Fans!

He also put out a rather dire warning to Ethereum holders and traders, saying:

Pay close attention to the momentum near the 50-day average (currently at $1,850), as a break below this level could quickly take another $100 off the price.

Coinbase says it was rather shocked when it found out there was a lawsuit against it given representatives had allegedly been meeting with top regulators at the SEC over a period of nine months to ensure the firm was consistently compliant with present laws.

Nick Marinoff
Nick Marinoffhttps://www.livebitcoinnews.com/
Nick Marinoff is currently a lead news writer and editor for Money & Tech, a San Francisco-based broadcasting station that reports on all things digital currency-related. He has also written for a number of other online and print publications including Black Impact Magazine, EKT Interactive, Seal Beach USA and Benzinga.com, to name a few. He has recently published his first e-book "Take a 'Loan' Off Your Shoulders: 14 Simple Tricks for Graduating Debt Free" now available on Amazon. He is excited about the potential digital currency offers, particularly its ability to finance unbanked populations and bring nations together financially.

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