8 Billion People on ChainCoinbase Exec Issue Game-Changing Global Predictions Amid XRP-Led Bitcoin, Ethereum and Crypto Price Surge

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CoinbaseCOIN, the leading US-listed bitcoin and crypto exchange, has seen its stock price soar over the past month (with a potentially imminent multi-trillion dollar China bomb).

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The price of bitcoin has doubled since the start of 2023, with it and the second largest cryptocurrency ethereum overtaken by the XRPXRP price which surged following a shock court ruling.

Now, after Ethereum co-founder Vitalik Buterin announced a new upgrade that could change the game 100 times over, Coinbase protocol manager Jesse Pollak has predicted that almost everyone on Earth will be introduced to the crypto ecosystem by 2030.

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MORE FROM FORBELon Musk Endorses Huge Crypto ‘Prediction’ Of 2030 That Could Trigger Bitcoin And Ethereum Price SurgeBy Billy Bambrough This Year, Helping Coinbase’s Share Price Surge And Adding $400 Billion To The Combined Price Of Bitcoin, Ethereum And XRP.AFP via Getty Images

“Our feeling is that there’s so much growth ahead of us,” Pollak, who leads Coinbase’s development of Ethereum-focused layer-two blockchain Base, told Decrypt on the sidelines of an Ethereum conference in Paris. “We have less than 10 million people on-chain today. There will be 8 billion people on-chain over the next decade.”

Coinbase’s ambitions grew with the crypto market, which boomed to around $3 trillion in 2021 before crashing through 2022. The San Francisco-based company said last month that its “goal” was to get “more than a billion people into crypto.”

“I think this is happening right before our eyes,” Pollak said, predicting that bitcoin, crypto and blockchain technology “will change the lives of billions of people.”

The bitcoin and crypto world has been galvanized in recent weeks after a long period of stagnation by BlackRock’s bid for a US bitcoin exchange-traded fund (ETF) and CEO Larry Fink’s shock reversal to the upside of bitcoin.

Fink, who founded the world’s largest asset manager that oversees some $9 trillion in assets worldwide, said this month that bitcoin and crypto could “revolutionize finance,” a sentiment echoed by Pollak.

“Everyone is finally going to be put on a level playing field, where they will have access to the same products and services, regardless of where they are born or live,” Pollak said, describing crypto as “fundamentally global by default.”

Pollak’s crypto and bitcoin prediction also encompasses blockchain growth beyond speculation and trading.

“It’s really about increasing the number of things people can do, so people have more opportunities to use Coinbase,” Pollak said. “It’s not just speculation and commerce, it’s also art, music, games and other consumer products.”

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MORE FROM FORBES ‘Transcend’ US Dollar-BlackRock CEO Releases ‘Major’ Crypto Prediction After Huge Week for Bitcoin, Ethereum and XRP Price By Billy Bambrough 2022 crash, with other major cryptocurrencies Ethereum and XRP soaring. Forbes Digital Assets

The bitcoin, ethereum, XRP and crypto market has meanwhile stalled after surging higher in June.

“Bitcoin failed to build local upward momentum and continues to test the lower boundary of its latest trading range,” FxPro senior market analyst Alex Kuptsikevich wrote in an emailed note.

“Following the sell-off of risky assets and the rise in the dollar, the first cryptocurrency fell back below $30,000. A failure below opens the door for a deeper correction to $28,900, where the 61.8% Fibonacci retracement and the 50-day moving average are concentrated,” Kuptsikevich said, adding that ethereum traders “should pay close attention to the momentum near the 50-day average (currently at $1850), as a break below that level could quickly push the price down another $100.”

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I am a journalist with significant experience covering technology, finance, economics and business worldwide. As founding editor of Verdict.co.uk, I reported on how technology is changing business, political trends and the latest cultures and lifestyles. I’ve covered the rise of bitcoin and cryptocurrency since 2012 and charted its emergence as a niche technology in the biggest threat to the established financial system the world has ever seen and the most important new technology since the internet itself. I’ve worked and written for CityAM, the Financial Times, and the New Statesman, among others. Follow me on Twitter @billybambrough or email me at billyATbillybambrough.com. Disclosure: I occasionally hold a small amount of bitcoin and other cryptocurrencies.

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