CoinbaseCOIN, the leading US-listed bitcoin and cryptocurrency exchange, saw its share price skyrocket last month (a possible multi-trillion-dollar bombing of China is imminent).
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Bitcoin’s price has doubled since the beginning of 2023, with XRPXRP’s price surging after a shocking legal ruling surpassing Bitcoin and second-largest cryptocurrency Ethereum.
Now, after Ethereum co-founder Vitalik Buterin teased a new upgrade that could be a 100x game-changer, Coinbase protocol leader Jesse Pollak predicted that by 2030, almost everyone on the planet will be in the cryptocurrency ecosystem.
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“We feel like we have a lot of growth ahead of us,” said Pollak, who will lead development of Coinbase’s Ethereum-focused Layer 2 blockchain Base. Said Decryption On the sidelines of the Ethereum conference in Paris. “Right now, he has less than 10 million people on-chain.In the next 10 years, there will be 8 billion people on-chain.”
Coinbase’s ambitions have grown with the cryptocurrency market, which exploded to nearly $3 trillion in 2021 before collapsing into 2022. Said Last month, its “goal” was to “bring more than 1 billion people into cryptocurrency.”
“I think it’s happening right before our eyes,” said Pollack, predicting that Bitcoin, cryptocurrencies and blockchain technology will “change the lives of billions of people.”
The Bitcoin and crypto world has boomed in recent weeks after a long hiatus with BlackRock’s filing for a US spot Bitcoin exchange-traded fund (ETF) and CEO Larry Fink’s shocking turn to Bitcoin bullishness.
Fink, who founded the world’s largest asset manager, which manages about $9 trillion worth of assets worldwide, said earlier this month that bitcoin and cryptocurrencies could “revolutionize finance,” as did Polak.
“At last everyone will have a level playing field and will have access to the same products and services regardless of where they were born or live,” Pollack said, explaining that cryptocurrencies are “fundamentally global by default.”
Pollack’s predictions for cryptocurrencies and Bitcoin also include blockchain growing beyond speculation and trading.
“What really matters is increasing the number of things people can do, and more opportunities for people to use Coinbase,” Pollack said. “It’s not just speculation and trading, but art, music, games and other consumer products as well.”
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Meanwhile, Bitcoin, Ethereum, XRP and cryptocurrency markets are stalling after surging in June.
“Bitcoin continues to test the lower end of its final trading range, failing to generate localized upside momentum,” FxPro Senior Market Analyst Alex Kupzikevic said in an email.
“The first cryptocurrency has returned to below $30,000 following the sale of risky assets and a stronger dollar. A failure below this opens the door to a deeper correction to $28,900, where the 61.8% Fibonacci retracement and 50-day moving average are centered,” said Kupzikevic, adding that Ethereum traders “should pay close attention to momentum around the 50-day average (currently at dollar levels).” 1850), as the price could drop another $100 as soon as this level breaks. ”
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