CoinbaseCOIN, the major US-listed bitcoin and cryptocurrency exchange, has seen its share price skyrocket over the past month (with a Chinese multibillion-dollar bomb on the verge of happening).
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Bitcoin’s price has doubled since the start of 2023, with the second-largest cryptocurrency Ethereum outperforming XRPXRP, which soared after a shocking legal ruling.
Now, after Ethereum co-founder Vitalik Buterin teased a new upgrade that could be a 100x game-changer, Coinbase protocols lead Jesse Pollack predicts that nearly everyone on Earth will be introduced to the crypto ecosystem by 2030.
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“We feel there is a lot of growth ahead of us,” said Pollack, who is leading Coinbase’s development of a second layer blockchain focused on Ethereum. Decode On the sidelines of the Ethereum conference in Paris. “We have less than 10 million people on the chain today. There will be 8 billion people on the chain over the next decade.”
Coinbase’s ambitions have increased along with the cryptocurrency market, which exploded to around $3 trillion in 2021 before crashing through 2022. The San Francisco-based company said last month that its “goal” is to bring “more than 1 billion people into digital currencies.”
“I think this is happening right before our eyes,” Pollack said, predicting that bitcoin, cryptocurrency and blockchain technology will “change the lives of billions of people.”
The world of bitcoin and cryptocurrency has been catalyzed in recent weeks after a long period of stagnation by US-based Bitcoin spot trading fund (ETF) BlackRock’s implementation and CEO Larry Fink’s shock coup into bitcoin bullishness.
Fink, who founded the world’s largest asset manager overseeing $9 trillion in assets around the world, said this month that bitcoin and cryptocurrency could revolutionize finance — a sentiment echoed by Pollack.
“Everyone will finally be put on a level playing field, where they have access to the same products and services, no matter where they were born or where they live,” Pollack said, describing cryptocurrency as “virtually universal by default.”
Pollack’s prediction of cryptocurrency and bitcoin also includes the growing blockchain beyond speculation and trading.
“It’s really all about increasing the number of things that people can do, so that people have more opportunities to use Coinbase,” Pollack said. “It’s not just speculation and trading, it’s also art, music, games and other consumer products.”
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Meanwhile, the bitcoin, ethereum, XRP, and cryptocurrency markets have stalled after jumping higher in June.
“Bitcoin failed to develop any local bullish momentum and continues to test the lower end of its recent trading range,” Alex Kuptsikevich, senior market analyst at FxPro, wrote in an emailed note.
“After the sell-off in risky assets and the dollar rally, the first cryptocurrency returned below $30,000. A failure below could lead to a deeper correction to $28,900, where the 61.8% Fibonacci retracement and the 50-day moving average are concentrated,” Kuptsikevich said, adding that Ethereum traders should pay attention to the $50 momentum level for now. the price. “
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