The CEO of crypto trading giant Coinbase revealed that he owns a large amount of Bitcoin (BTC) and says he believes altcoins have a brighter future ahead of them than ever before.
Brian Armstrong told venture capitalist Anthony Pompliano that BTC started a revolution in computer science and economics and created a whole new industry that is still in its early stages.
“Bitcoin was what got me interested in crypto in the first place and I have a large amount of Bitcoin on hand.
(…) Currently, the crypto economy; We live in a world where it is built on a variety of different assets and blockchains for various purposes such as gold, payments, security contracts or gaming.”
Armstrong added that he expects a large number of legitimate, alternative crypto assets to emerge in the coming years.
“My guess is that we will eventually end up in a world where there are maybe only dozens of blockchains, but millions or billions of tokens. And you can just imagine all the different things people can do using them. There will be so many tokens that it will be hard to imagine how it will turn out.”
Armstrong says that while he owns BTC, which he claims will forever exist as the “gold” of the industry, Coinbase is unbiased about which cryptocurrencies will prevail.
“Coinbase has always been unbiased about which projects succeed and which fail. We just want to serve our customers.”
As we mentioned earlier, Coinbase has entered an altcoin listing spree. Adding a number of altcoins to its platform this year, the last of the crypto assets listed by the platform was Adventure Gold (AGLD), a gaming token.