Coinbase CEO Says He Owns a Ton of Bitcoin, Unveils Outlook on Rise of Altcoins

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The CEO of crypto trading giant Coinbase says he’s holding heaps of Bitcoin (BTC) and believes the future of altcoins is brighter than ever.

Brian Armstrong tells venture capitalist Anthony Pompliano that BTC sparked a revolution in computer science and economics, creating a brand new industry that remains in its early days.

 

“Bitcoin is what got me excited about crypto in the first place. I hold a ton of Bitcoin.

We already are in this world where the crypto economy is built off a number of different assets and blockchains that have different purposes, whether that’s to be gold, payments, security contracts, or gaming.”

Armstrong says he expects gargantuan number of legitimate, alternate crypto assets to emerge in the years to come.

“My guess is that we’ll eventually be in a world where there’s maybe dozens of blockchains, but millions or billions of tokens, and you could imagine all the kinds of things people would use those for. There’s gonna be so many tokens, it’s going to be hard to imagine where that ends.”

Armstrong says even though he holds BTC, which he says will be around forever as the “gold” of the industry, Coinbase is impartial about which coins end up winning out.

“Coinbase has always been agnostic about which project wins and which one doesn’t. We just want to serve our customers.”

Coinbase has added a long list of altcoins to its platform this year, including the most recent addition of the gaming non-fungible token (NFT) called Adventure Gold (AGLD).

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Featured Image: Shutterstock/Tithi Luadthong

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