Coinbase CEO Brian Armstrong believes that rising cryptocurrency prices will generate massive wealth for the crypto investors in the 20s. His friends, Olaf Carlson-Wee and Balaji Srinivasan expect Bitcoin’s price to reach $200,000, due to which more than half of the world's billionaires will be from the crypto space. Armstrong also anticipates that “ a “privacy coin” or blockchain with built-in privacy features” will go mainstream in the 2020s.
A Burger King outlet in Venezuela has started accepting Bitcoin and a few other cryptocurrencies. This is likely to expand to about 40 locations this year. While this is a positive sign, previously, similar initiatives in Russia and Europe have not been able to pick up momentum. This shows that most investors do not want to spend their cryptocurrencies at the current levels as they expect higher prices in the future.