Jesse Pollak of Coinbase predicts up to 8 billion people will adopt crypto in the next decade, surpassing the current global population, with rapid adoption transforming lives worldwide.
Key Points
- Jesse Pollak from Coinbase predicts that up to 8 billion people will become crypto users in the next decade, surpassing the current global population.
- His optimistic forecast goes beyond Coinbase’s own blockchain project goals, aiming to bring “the next billion users on-chain.”
- Pollak believes rapid crypto adoption will transform lives globally, providing equal access to products and services.
- Amid SEC pressure, Coinbase diversifies through the Base network and launches an international exchange to expand its services.
During the EthCC conference in Paris, Jesse Pollak, the protocols lead at Coinbase, stated that as many as 8 billion people will become crypto and blockchain users over the next decade. Despite the rapid growth of crypto adoption in recent years, Pollak believes there is still significant room for expansion.
“Our feeling is that there’s so much growth ahead of us. We have less than 10 million people on-chain today. There’s going to be 8 billion people on-chain over the next decade,” Pollak said. This prediction is particularly noteworthy considering it surpasses the current global population, with many individuals lacking internet access.
Surpassing Coinbase’s Blockchain Project Goal
Pollak’s optimistic forecast goes beyond the goals set by Coinbase for its own blockchain project, Base. Base is an Ethereum-based layer 2 solution without its own token, aiming to bring “the next million developers and the next billion users on-chain.” Pollak’s prediction, however, exceeds this target significantly. When the Base blockchain was first unveiled, Coinbase stated, “Our goal with Base is to make onchain the next online and onboard 1B+ users into the cryptoeconomy.”
Rapid Adoption Transforming Lives
Pollak believes that crypto adoption is currently unfolding before our eyes and anticipates that the technological advancements in the field will profoundly impact billions of lives. He envisions a future where everyone has equal access to products and services, regardless of their place of birth or residence.
Coinbase Diversifies Amidst SEC Pressure
In the face of regulatory pressure from the US Securities and Exchange Commission (SEC), Coinbase is aiming to diversify its offerings through the Base network. This move away from its core business may provide the exchange with more flexibility and resilience. Additionally, Coinbase has launched its own international exchange, registered in Bermuda and overseen by the Bermuda Monetary Authority, to expand its services while the SEC maintains scrutiny over its US operations.
I have over 10 years of experience in the field of cryptocurrency and blockchain technology. I have attended numerous conferences and events around the world, and my work has been featured in major publications such as CoinDesk, Bitcoin Magazine, and Yahoo Finance.
A perfect blend of informative and entertaining, like the ideal date night conversation.
The way you break down ideas is like a chef explaining a recipe, making hard to understand dishes seem simple.
The attention to detail is remarkable. I appreciate the thoroughness of The post.
This Writing is a treasure trove of knowledge. Thank you for The contributions!
The post was a beacon of knowledge, lighting up my day as if you knew just what I needed to hear.
I’m so grateful for the information you’ve shared. It’s like receiving a thoughtful gift from someone special.
The Writing is a go-to resource, like a favorite coffee shop where the barista knows The order. Always comforting.
You have a gift for explaining things in an understandable way. Thank you!
Elegant and insightful, you tackle hard to understand issues like you’re dancing through words. Shall we dance some more?
The Writing is like a lighthouse for my curiosity, guiding me through the fog of information.
I was truly impressed by how deeply you delved into this topic. The hard work hasn’t gone unnoticed!
Making hard to understand concepts readable is no small feat. It’s like you know exactly how to tickle my brain.
A refreshing take on the subject, like a cool breeze on a hot day. I’m all ears for what you have to say next.
The finesse with which you articulated The points made The post a true pleasure to read.
A constant source of inspiration and knowledge, like a muse but less mythical.
Genuinely impressed by The analysis. I was starting to think depth had gone out of style. Kudos for proving me wrong!
Bookmarking this! The practical advice is something I’ll definitely be coming back to.
Engaging with The Writing is like savoring a gourmet meal; every bite (or word) is to be enjoyed.
The thoughtful analysis has really made me think, in a way that’s as stimulating as a deep gaze into The eyes.
Learned a lot from this post, and here I was thinking I knew it all. Thanks for the humble pie.
The ability to convey hard to understand ideas so effortlessly is as attractive as a perfectly tailored suit.
The Writing is a constant source of inspiration and knowledge, like a muse that never fails to inspire. Thank you for being my muse.
Hey There. I discovered your weblog the use of msn. That is a very smartly written article.
I will make sure to bookmark it and return to learn extra of
your useful information. Thanks for the post.
I will definitely comeback.
It’s impressive that you are getting thoughts from this piece of writing as
well as from our argument made here.