Coinbase's billionaire CEO makes a prediction for Bitcoin. Will it come true?
Coinbase CEO Brian Armstrong has predicted that Bitcoin will become a "flight-to-safety" asset in the event of a problem within the next five to ten years . In an episode of Coinbase's Around the Block podcast, titled "The State of Crypto and Where It's Headed with Pomp", he however stated that the market capitalization of the flagship cryptocurrency is not yet large enough to have this kind of function. . However, this could change in the next five or ten years, when the crypto-economy grows to become "a sufficiently large percentage of the global economy". Only after that Bitcoin could be considered digital gold because that is what people are looking for when something goes wrong. "I completely consider we'll see that change in all probability time. I can track down in the accompanying five or 10 years, when the crypto-economy transforms into a more prominent degree of overall GDP, people will take off and pivot to bitcoin like a ki