Coinbase pioneer Ron Conway sees cryptoeconomics as “the next multimillion dollar innovation opportunity” and the exchange as an industry leader. He expressed this opinion in an interview with CNBC.
“I absolutely believe that Coinbase is Google for the crypto economy and is opening up this huge opportunity for consumers,” he said.
The industry is growing rapidly, he said, but is still in its infancy.
Conway believes that focusing on cryptocurrencies, without tying them to other lines of business, helps to lead the exchange. Coinbase has also managed to build a strong brand, he said.
The investor stressed that the US should strive for leadership in the crypto economy, especially in order to reflect competition from China.
“This trillion dollar industry will create millions of jobs, and we want them to open up in the United States,” concluded Conway.
Recall that the listing of Coinbase shares on the Nasdaq took place on April 14. The company’s capitalization at closing was about $ 85.7 billion.
According to Forbes, $ 300,000 invested in Coinbase in 2012 by angel investor Harry Tan after listing turned into $ 565 million. Tan himself previously named a much larger amount – $ 2.4 billion.
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