Jesse Pollak from Coinbase Anticipates $8 Billion On-Chain

Jesse Pollak of Coinbase predicts up to 8 billion people will adopt crypto in the next decade, surpassing the current global population, with rapid adoption transforming lives worldwide.

Key Points

Jesse Pollak from Coinbase predicts that up to 8 billion people will become crypto users in the next decade, surpassing the current global population.
His optimistic forecast goes beyond Coinbase’s own blockchain project goals, aiming to bring “the next billion users on-chain.”
Pollak believes rapid crypto adoption will transform lives globally, providing equal access to products and services.
Amid SEC pressure, Coinbase diversifies through the Base network and launches an international exchange to expand its services.

During the EthCC conference in Paris, Jesse Pollak, the protocols lead at Coinbase, stated that as many as 8 billion people will become crypto and blockchain users over the next decade. Despite the rapid growth of crypto adoption in recent years, Pollak believes there is still significant room for expansion.

“Our feeling is that there’s so much growth ahead of us. We have less than 10 million people on-chain today. There’s going to be 8 billion people on-chain over the next decade,” Pollak said. This prediction is particularly noteworthy considering it surpasses the current global population, with many individuals lacking internet access.

Surpassing Coinbase’s Blockchain Project Goal

Pollak’s optimistic forecast goes beyond the goals set by Coinbase for its own blockchain project, Base. Base is an Ethereum-based layer 2 solution without its own token, aiming to bring “the next million developers and the next billion users on-chain.” Pollak’s prediction, however, exceeds this target significantly. When the Base blockchain was first unveiled, Coinbase stated, “Our goal with Base is to make onchain the next online and onboard 1B+ users into the cryptoeconomy.”

Rapid Adoption Transforming Lives

Pollak believes that crypto adoption is currently unfolding before our eyes and anticipates that the technological advancements in the field will profoundly impact billions of lives. He envisions a future where everyone has equal access to products and services, regardless of their place of birth or residence.

Coinbase Diversifies Amidst SEC Pressure

In the face of regulatory pressure from the US Securities and Exchange Commission (SEC), Coinbase is aiming to diversify its offerings through the Base network. This move away from its core business may provide the exchange with more flexibility and resilience. Additionally, Coinbase has launched its own international exchange, registered in Bermuda and overseen by the Bermuda Monetary Authority, to expand its services while the SEC maintains scrutiny over its US operations.