RATE Group | Blow To Bitcoin As Coinbase CEO Makes Serious Warning
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Blow To Bitcoin As Coinbase CEO Makes Serious Warning

08 Mar Blow To Bitcoin As Coinbase CEO Makes Serious Warning

Posted at 19:53h in Bitcoin News by

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Bitcoin, the oldest and the most valuable cryptocurrency by some margin, is fighting for supremacy against a raft of plucky rivals.

The bitcoin price, up some 25% since the beginning of the year, has been outpaced by many smaller so-called altcoins—and some think bitcoin could still lose its pole position.

Now, Brian Armstrong, the chief executive of the largest U.S. bitcoin and cryptocurrency exchange Coinbase and long time altcoin proponent, has warned it might not be bitcoin that pushes the cryptocurrency ecosystem “from [around] 50 million users to 5 billion.”

“I think it’s still very much up in the air which blockchain will help get crypto from [around] 50 million users to 5 billion,” Armstrong…

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