Cryptocurrency Is Only Getting Started – Coinbase CTO

Cryptocurrency Is Only Getting Started – Coinbase CTO

Balaji Srinivasan, Coinbase CTO on Twitter yesterday 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 person tweeted that it will make more 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.

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