Altcoin
Bitcoin Adoption To Explode By The Billions In 2030—Brian Armstrong Lays Out The Case
An executive of a popular cryptocurrency exchange believes that the users of Bitcoin will be hitting several billion in five years.
Coinbase CEO Brian Armstrong grounded his claim in a study that revealed that the pace of Bitcoin adoption is far quicker than mobile phone and Internet adoptions.
Billions Of Bitcoin Users
Armstrong confidently said that the current pace of crypto adoption puts Bitcoin on the right track to have billions of traders using it a few years from now.
“Bitcoin adoption should get to several billion people by 2030 at current rates,” Armstrong said in an X post.
The Coinbase boss made the comment after seeing the statistics released by BlackRock, showing how fast the crypto is gaining users as compared to mobile phones and the Internet.
The crypto executive predicted that by 2030, Bitcoin users would have reached billions.
Image: Gemini Imagen
“It really depends what you count as the official start year – for Bitcoin, Internet, and mobile phones – to make this comparison. But regardless, this is directionally correct,” he added.
It really depends what you count as the official start year – for Bitcoin, Internet, and mobile phones – to make this comparison. But regardless, this is directionally correct.
Bitcoin adoption should get to several billion people by 2030 at current rates. https://t.co/JEU8P7YmLP
— Brian Armstrong (@brian_armstrong) February 10, 2025
BlackRock Study
Analysts said that the discussion on BTC users reaching billions stemmed from a BlackRock study.
The research released in January 2025, emphasized the growth of Bitcoin’s relevance, suggesting that the general public is shifting towards the crypto because they have lost their trust in traditional financial institutions.
“Crypto has hit 300M users in just 12 years—43% faster than mobile phones and 20% faster than the internet, per BlackRock,” crypto analyst Mario Nawfal said in a post.
According to BlackRock, the mobile phone took 21 years to reach 300 million users, beginning in 1972, when the world got the first glimpse of the cellular mobile device.
Meanwhile, Internet adoption took 15 years to attain the 300 million users level. The Internet was created in 1983.
BTCUSD trading at $96,957 on the daily chart: TradingView.com
BlackRock revealed that crypto adoption hit 300 million users faster than the internet and mobile phones, which Bitcoin accomplished in 12 years.
“Younger generations, inflation fears, and Trump’s pro-crypto stance are fueling the surge,” Nawfal said.
The study showed that the digital asset quickly attracted many individual and institutional investors pushing its rapid adoption.
The research also noted that on a global scale, the trend leans towards making digital money easier for the masses.
Some Are Still Pessimistic
However, not everyone agrees with the BlackRock study with one crypto trader questioning “what counts as a user in this.”
“I think it might be the number of addresses, but keep in mind that many of these haven’t been touched in years. Also, one person can have more than one address. In fact, because of Bitcoin’s poor privacy, many people create a new address every time they transact,” Victor said in a post.
He argued that Bitcoin might have lower transactions per day. “Bitcoin only has around 350,000 transactions per day. That’s a very low amount, especially considering it’s been around for 15 years. VISA, for comparison, has 660 million transactions per day,” he added.
Featured image from Gemini Imagen, chart from TradingView
Binance has sparked bearish investor concerns despite a broader crypto market recovery trend on Thursday as it unveiled plans to delist certain token trading pairs ahead. In an official announcement on February 20, the crypto exchange giant revealed that it is delisting specific ALGO and ATOM pairs, posing a risk factor to the asset prices. Market watchers remain cautious about what lies ahead for these coins as the latest decision by the exchange comes as a setback presenting reduced market visibility and thus, diminished investor interest.
Binance To Delist These Specific Trading Pairs Ahead
According to an official Binance announcement, the crypto exchange will remove five ‘Dual Investment’ token pairs for ALGO and ATOM on February 21 at 06:00 UTC.
Here Are The Token Pairs To Be Delisted:
- ALGO/USDT
- ALGO/USDC
- ATOM/USDT
- ATOM/FDUSD
- ATOM/USDC
Why Is Binance Delisting These Pairs?
Per the official announcement, this mover by the exchange comes to enhance the liquidity and services for its colossal user base. Following a thorough and regular review process of ‘Dual Investment’ token pairs, the crypto exchange giant decided to delist the abovementioned pairs.
More About The Delisting Process
Also, Binance added that users will no longer be able to subscribe to these pairs after the removal. The existing subscriptions are to remain unharmed and a settlement is to be conducted upon expiration.
Altogether, the delisting by one of the top crypto exchanges set off investor concerns, projecting a gloomy outlook for the assets due to reduced offerings in the market. For context, the tokens could witness diminished money inflow into their ecosystems amid not-so-diverse trade offerings for the assets in the market.
Past Chronicles Solidify Investor Concerns
CoinGape previously reported that Binance announced the removal of certain DOGS, FET, NOT, & NEIRO pairs recently. As a result, these coins have defied the broader market uptrend today, encountering volatility.
Also, the tokens AMB, VITE, STMX, and CLV witnessed a price crash with their delisting on the same exchange. In the wake of these volatile actions, investors remain apprehensive about ALGO and ATOM price actions ahead.
ALGO price also faced turbulence, exchanging hands at $0.2630, up nearly 1% intraday. The coin’s 24-hour low and high were $0.2568 and $0.269, respectively. ATOM price jumped by 3% intraday and closed at $4.78. The coin hit a bottom and peak of $4.61 and $4.87, respectively.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Crypto market today (February 20) has shown signs of a potential recovery trend brewing after a massive bloodbath witnessed recently. Bitcoin (BTC) price regained a break above $97K, whereas leading altcoins traded in the green zone despite nearly $300 million liquidated across the sector yesterday. As an upshot, market watchers remain highly optimistic about a price recovery and the continuation of this bull cycle moving ahead.
Crypto Market Today Reflects Optimism As BTC, ETH, XRP Soar
Notably, BTC, ETH, XRP, and SOL witnessed an uptick of 1%-6% on Thursday early Asian hours. Also, the global crypto market cap saw a 1.71% upswing to $3.2 trillion, indicating rising asset prices.
However, the total market volume was down by 24.43% to $82.89 billion on Thursday. Let’s dig deeper into some of the buzzworthy coins and the latest updates for today:
BTC Price Regains Hold Above $97K
At the time of reporting, BTC price chart indicated a 1.5% pump in value, reaching $97,090. The flagship crypto hit a low and high of $95,019.07 and $97,364.05 intraday. Notably, the coin soars alongside a new Bitcoin reserve bill unveiled by Montana’s House Business and Labor Committee. However, BTC’s dominance declined by 0.17% to 60.12%, signaling that altcoins gained harder on Thursday.
ETH Price Gains 2% Mirroring Crypto Market Trend
ETH price gained by slightly over 2% today, reaching $2,742. The coin’s intraday bottom and peak were $2,666.39 and $2,750.38, respectively. Ethereum rises against the backdrop of bullish market support, CoinGape recently reported. Notably, exchange-held ETH hit a record low at 6.38%, whilst whales bagged a massive $2.5 billion worth of tokens amid the recent market dip, indicating a rally lies ahead.
XRP Price Surges 6%
XRP price pumped by over 6% today and exchanged hands at $2.70. The coin’s 24-hour low and high were $2.52 and $2.74, respectively. Notably, the Ripple-backed asset soars amid rising speculations of a halt in the XRP lawsuit against the U.S. SEC. Further, it’s also worth mentioning that the U.S. SEC acknowledged WisdomTree’s Spot XRP ETF filing recently, adding to optimism over price. XRP futures OI was up by nearly 7% today to $4.09 billion amid the optimistic developments.
SOL Price Up 4%
SOL price today witnessed gains worth 4% intraday and closed in at $174. The coin hit a bottom and peak of $163.96 and $174.12 in the past 24 hours. Solana price rises despite the ongoing meme coin panic on the network, sparking market speculations amid rising SOL staking activity.
Meme Crypto Market Gains Parallelly
Simultaneously, DOGE price witnessed a nearly 2% increase today, reaching $0.2567. Also, SHIB price has gained nearly 3% over the past day, reaching $0.00001559. PEPE & TRUMP prices also surged 3-5%, closing in at $0.000009595 and $17.10, respectively. Overall, the meme coin market shows strength in tandem with today’s broader crypto market trend.
Crypto Market Gainers Today
Story (IP)
Price: $2.89
24-Hour Gains: +35%
Aptos (APT)
Price: $6.95
24-Hour Gains: +20%
Bittensor (TAO)
Price: $445.86
24-Hour Gains: +20%
Crypto Market Losers Today
Movement (MOVE)
Price: $0.4844
24-Hour Loss: -5%
Toncoin (TON)
Price: $3.58
24-Hour Loss: -2%
Bitget Token (BGB)
Price: $4.80
24-Hour Loss: -2%
Altogether, traders and investors remain optimistic about the market’s future despite macro heat, primarily attributed to bullish stats and events unfolding across the broader sector. BTC, ETH, SOL, and XRP continued trading in the green zone, per the hourly time frame chart, signaling the potential for further gains ahead.
Meanwhile, the market is currently abuzz with rumors of Donald Trump looking to abolish capital gains tax on BTC on crypto, as revealed by renowned expert “Ash Crypto” on X. Market watchers continue to await further details and an official confirmation on the matter, given it could substantially aid the current market state.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Crypto analyst Egrag Crypto has provided an ultra-bullish outlook for the XRP price, predicting it could hit a $3.4 trillion market cap. The analyst revealed how this could happen and also boldly asserted that the crypto could hit a trillion market cap in this cycle.
How The XRP Price Will Hit $3.4 Trillion Market Cap
In an X post, Egrag Crypto predicted that the XRP price would hit a $3.4 trillion market cap at some point. The analyst explained this was possible based on a Logarithmic measured move, which puts XRP’s market cap at $3.4 trillion.
Meanwhile, the crypto analyst noted that the non-logarithmic measured move puts the crypto’s market cap at $200 billion. Egrag Crypto further remarked that these logarithmic charts are used for long-term analysis of exponential growth, and linear charts are for short-term precision in trade entries and exits.
Based on XRP’s circulating supply, this means that the XRP price could reach $58 if the crypto hits a $3.4 trillion market cap. Meanwhile, XRP could reach a new all-time high (ATH) of $3.5 as it hits a market cap of $200 billion based on the non-logarithmic measured move.
Interstingly, Egrag Crypto asserted that XRP could hit a trillion market cap in this market cycle. He revealed that the Fibonacci 1.618, often referred to as the golden ratio, is sitting at $978 billion, which makes a $1 trillion market cap achievable.
The analyst further explained that XRP’s market cap skyrocketed 15,000% in the last cycle from just above Fib 1.0 to the top. As such, he is confident that the crypto hitting the Fib 1.618 or a $1 trillion market cap is “super doable.”
Egarg Crypto also suggested that XRP could even surpass the $1 trillion market cap, stating that these calculations don’t account for when utility kicks in. It is worth mentioning that the crypto analyst recently predicted that the XRP price could reach $110 in the next cycle.
What Needs To Happen For Bullish Continuation
The XRP price is rebounding following a crypto market crash yesterday. Egrag Crypto stated for a bullish continuation and to negate the bearish count, XRP needs to close above $2.69 and $2.73 on the 4-hour time frame or even higher time frames to yield even better results.
Crypto analyst Ali Martinez stated that XRP looks to be breaking out of an ascending triangle on the lower time frames, setting it up for a potential 4% move toward $2.68.
Crypto analyst Dark Defender also suggested that the XRP price was ready to continue its upward trend. According to him, XRP is proceeding based on his projected lines. He remarked that after the corrective Wave 2 move, XRP will continue with the 3rd to 5th Waves on the daily chart.
The analyst revealed that the support levels to watch out for are $2.4467 and $1.9996. Meanwhile, the resistance levels to watch out for are $2.6052, $3.3999, $5.8563, and $8.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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