The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Coinbase CEO Brian Armstrong Makes Big Crypto Prediction As BlackRock and Meta Enter Space

by Daily Hodl Staff
August 25, 2022
in Altcoins, Ethereum, Trading

The head of the biggest crypto exchange in the US is sharing his thoughts about the industry’s present and future.

In a new interview with CNBC’s Crypto World, Coinbase CEO Brian Armstrong tells host Kate Rooney that he believes Big Tech companies like BlackRock and Meta will all participate in the next phase of the crypto-powered internet.

“We want every company in the world to integrate into crypto. Just like saying we want every company to have an internet presence or to use the internet in some way. Even if they’re not an internet company, they’re going to have a homepage or maybe get new customers through the internet or accept payments.

Crypto is the same way. I think Big Tech is going to have a role to play there. We’re seeing companies like BlackRock, the largest asset manager out there, has now integrated with Coinbase. Meta was another great example.

It’s showing me that we can really win, not only a large retail customer segment, but we can also win deals with the largest companies in the world as Coinbase. That bodes really well for our future.”

When it comes to the crypto winter that has hindered the industry since late last year, the tech entrepreneur hopes to see a turnaround sometime before the middle of 2023.

“Obviously we’re in a bit of a down cycle, but it’s not unusual for us. We’ve been through four cycles like this as a company, and we’re only 10 years old.

This one just happens to coincide with the broader macro environment coming down. We all hope it’ll be 12, 18 months and [then a] nice recovery, but you obviously have to plan for it being longer than that. We don’t try to get too cute about predicting the future.”

Armstrong adds that Coinbase remains focused on its long-term goals rather than fluctuations on the price charts.

“We have this saying internally I like to repeat a lot, which is, ‘It’s never as good as it seems. It’s never as bad as it seems.’

I think one of the reasons Coinbase has been so successful over the last 10 years is we try not to get focused on short-term ups and downs. We just zoom out and think about, ‘Five, 10 years from now, are more people going to be using crypto? Probably. Is the internet going to be more widely distributed? Probably. Is there going to be more e-commerce and more digital payments?’

These are all tailwinds that are long-term trends. If we don’t get distracted and keep building great products, we’re going to do fine over the next five or 10 years.”

The CEO concludes by saying he’s encouraged by how expanded staking is improving the crypto space, especially projects like Ethereum (ETH), Polygon (MATIC), Optimism (OP) and Solana (SOL).

“[Staking is] important in terms of getting these blockchains to be more scalable as well. We’re seeing Ethereum getting closer and closer to the Merge, which is upgrading to Ethereum 2.0, and that’ll be a nice step on the journey of upgrading [and] getting more scalability from Ethereum.

We’re seeing that with other blockchains too. The Lightning Network has been really great at going in that direction. We’re seeing good things with layer-2 solutions [like] Polygon, Arbitrum and Optimism. Solana’s been doing really great on scaling as well, so all across the board, good progress on staking.”

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Tithi Luadthong

Submit a Press Release

Industry Announcements

  • Radix Babylon Upgrade Marks New Era for Web 3.0 User and Developer Experience
    September 28, 2023
  • Tyrion Set To Decentralize the $377 Billion Digital Advertising Industry
    September 25, 2023
  • Hydranet Launches Layer Three Dex – A Game Changer for Trustless Cross-Chain Trading
    September 25, 2023
  • Ottochain Homage to EVMOS and Ethereum Layer Two
    September 21, 2023
  • Algorand Foundation Announces Build-a-Bull Hackathon in Collaboration With AWS
    September 20, 2023
  • OKX Achieves SOC 2 Type II Certification, Demonstrating Its Industry-Leading User Safety, Security and Compliance Standards
    September 20, 2023
  • Dexalot Unveils SimpleSwap and SimpleView Features for Enhanced User Experience
    September 19, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$26,960.22
$26,960.22
2.65%
Ethereum
$1,648.48
$1,648.48
3.4%
Cardano
$0.248685
$0.248685
1.59%
XRP
$0.507389
$0.507389
1.47%
Dogecoin
$0.061268
$0.061268
1.62%

Spotlight

  • Bitcoin’s Next Move Up Will Be Explosive, Says Crypto Analyst – But There’s a Catch
    September 21, 2023
  • Trader Issues Warning on Ethereum-Based Altcoin That’s Soared Over 300% in a Month, Updates Outlook on Bitcoin
    September 21, 2023
  • Significant Downside Move for Ethereum Against Bitcoin Looming, Says Benjamin Cowen – Here Are His Targets
    September 21, 2023
  • Ethereum Wallet Suddenly Sells All Its ETH for Millions in Stablecoins After Lying Dormant for Nearly Four Years
    September 21, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash • Financeflux •
Industry Announcements

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl