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Coinbase's Head of Protocol Jesse Pollack predicts that cryptocurrency adoption will grow exponentially over the next decade, and that a large portion of the world's population will migrate to the blockchain platform during that time.
In an interview at EthCC in Paris, Pollack expressed his confidence in the massive growth potential of the blockchain industry. Fewer than 10 million people use blockchain platforms today, but this number is predicted to reach 8 billion in the next decade.
According to the United Nations, reaching 8 billion blockchain users by 2030 will represent a significant portion of the world's population, equivalent to 8.5 billion people on Earth today. However, it should be noted that although cryptocurrencies have become an integral part of the community, and according to Statista, there are approximately 5 billion internet users worldwide, not all people have access to the internet.
Pollack was confident that mass adoption of cryptocurrency is happening before our eyes and will radically change the lives of billions of people. The potential of technology lies in its ability to create an equal level of access to the same goods and services, regardless of where you were born or where you live. He emphasized that online services are inherently global and encompass geographic gaps
Coinbase itself, the leading US cryptocurrency, registered about 8.4 million monthly active users in the first fiscal quarter of this year, down 9% from the same period last year, according to a report filed with the SEC.
Prominent figures in the field of digital assets, whether players, ordinals or NFT enthusiasts, have long emphasized the importance of adoption to the success of the crypto industry. Coinbase aims to bring 1 billion people into the crypto world, and a 2020 study by Deutsche Bank suggests that there could be 200 million crypto wallet users by 2030 with the initial growth of the internet.
Additionally, Citi, one of Wall Street's leading banks, believes mainstream cryptocurrency adoption is accelerating thanks to the tokenization of real assets and the rise of central bank digital currencies (CBDCs).
As the person responsible for running Coinbase, which he launched in February, Pollack believes one of the main reasons Coinbase has expanded to 1 billion users is the use of cryptocurrencies as an application platform. . .
Using the fund's OP Optimism stack to increase the quality and efficiency of Ethereum transactions, Pollak said Coinbase's strategy is to expand the range of activities that engage people online, including art, music, gaming and various consumer products.
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