Coinbase CEO Holds “A Ton Of Bitcoin”, Predicts A Bright Future For Altcoins

Brian Armstrong, the CEO of Coinbase says he owns “a ton of Bitcoin” and predicts a big future ahead for altcoins.

In a discussion with Anthony “Pomp” Pompliano, Brian Armstrong shares his views on Bitcoin (BTC) and how it has sparked a revolution in computer science and economics, creating a brand new industry that is still in its very early days.

“Bitcoin is what got me excited about crypto in the first place. I hold a ton of Bitcoin.

We already are in this world where the crypto economy is built off a number of different assets and blockchains that have different purposes, whether that’s to be gold, payments, security contracts, or gaming.”

The Coinbase CEO sees a future where an unthinkable number of legitimate, alternative coins are created for various purposes.

“My guess is that we’ll eventually be in a world where there’s maybe dozens of blockchains, but millions or billions of tokens, and you could imagine all the kinds of things people would use those for. There’s gonna be so many tokens, it’s going to be hard to imagine where that ends.”

Regardless of he himself owning BTC, which he believes will be around forever as the “gold” of the industry, Coinbase as an exchange doesn’t favor any crypto project over others.

“Coinbase has always been agnostic about which project wins and which one doesn’t. We just want to serve our customers.”

Coinbase has increased the number of tradable altcoins to its platform this year, including the most recent addition of the gaming non-fungible token (NFT) called Adventure Gold (AGLD). Armstrong has previously said that ideally all legitimate altcoins are listed, and Coinbase would become the Amazon of crypto.