• Brian Armstrong is the CEO of the U.S. currency exchange Coinbase (NASDAQ) and believes the sector will experience a huge expansion in the next ten years.
• Cathie, the CEO of ARK Investment, is an ally for Armstrong and has similar views about crypto markets.
• Both believe the U.S. regulatory system has created uncertainty that is hindering the development of crypto.

Chief Executive Officer Coinbase Global Inc. Brian Armstrong asserts that cryptocurrency will surpass one billion users within 10 years. The claim was made on Monday during the ‘Milken Institute Global Conference‘.

At the moment, around 200 million people are cryptocurrency and digital assets enthusiasts. According to forecasts by the crypto executive, this number will increase over the next 10 year.

“My guess is that in 10-20 years, we’ll see a substantial portion of GDP happening in the crypto economy,” Armstrong said during a conversation with ARK Investment Management LLC CEO Cathie Wood, Bloomberg reported.
Armstrong and Wood remain optimistic about the future of crypto trading despite the market’s dramatic decline and drop of around 17% in value since the beginning.

“In the case of DeFi and next-generation internet, we are seeing a lot of financial companies losing talent to crypto. So they have to take it seriously, or else they are going to be hollowed out,” Wood said.
The executive of Ark, one of Coinbase’s most important shareholders, underlined that there is a lot of uncertainty floating around due to the regulation of the crypto industry in the United States. She believes this has had a negative impact on the cryptocurrency market.

She also explained that the industry’s regulatory process has developed at a slower pace than the internet had, while Armstrong noted that “it’s been harder and harder to meet a true crypto skeptic in (Washington) DC.”
He stated that at the U.S. Capital, half of the population supports the expanding cryptocurrency market.

The Flipside

• These executives spoke out amid growing doubts about cryptocurrency’s future.
• Bitcoin is now at $38,500, a significant drop from its November record of $69,000
• The $44,000 barrier has been broken by the biggest cryptocurrency worldwide.

Cathie Wood believes crypto is the key to unlocking a new world, which includes the decentralized financial sector. However, there has already been some regulation. Many people have very high and hopeful expectations about the evolution and growth of the financial system because DeFi is a promising space.

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