Watch Out Bears, Crypto’s Only Getting Started: Coinbase CTO

[Angkoolart10]

Watch Out Bears, Crypto’s Only Getting Started: Coinbase CTO

Coinbase CTO Balaji Srinivasan ignited a Twitter firestorm yesterday when he tweeted that while 63% of the world’s adults own smartphones, only 8% of those in the U.S. and less than 1% worldwide  own cryptocurrency, indicating there is a potential user base that is 60 times larger than the existing user base.

Some agreed that these numbers indicate the crypto market is more inevitable than many think. One tweeter went as far as to say that it makes sense for people to hold onto their cryptoassets for the long term.

Many, however, questioned the accuracy of the 8% cryptocurrency ownership, as well as Srinivasan’s opinion about smartphone ownership’s relationship to cryptocurrency adoption.

Survey Reveals American Views On Crypto
The original tweet linked to a story about a Finder survey of 2,001 Americans that found just less than 8% of Americans have purchased a cryptocurrency.

Read more: https://www.ccn.com/buffett-trolled-again-punter-bets-millions-bitcoin-price-will-soar-above-berkshire-stock/