Crypto Industry is the Next Multi Trillion-Dollar Opportunity : Early Coinbase Investor
A well-known tech investor, Ron Conway recognizes the crypto industry as ”the next multimillion-dollar opportunity in innovation.”
As the trading started of Coinbase’s shares, Conway opined that the crypto sector is growing quickly, but it is just getting started.
Ron Conway is one of the early investors in the largest U.S. cryptocurrency exchange along with several popular corporations investments like Airbnb, Facebook, and Google. He spoke about the future of crypto in an interview on CNBC’s ”TechCheck.” He described it as ”the next multimillion-dollar opportunity in innovation.”
Conway has strong hopes that the crypto sector is growing speedily and outlined its massive potential. According to him, the crypto space is still at its starting point. He shared his views while Coinbase’s shares officially started trading on the nasdaq.
During the interview, he compared Coinbase to the tech giant Google stating:
”I absolutely believe that Coinbase is the Google for the crypto economy and opens this huge opportunity to consumers.”
Conway believes that the company operates as a market leader as it focuses fully on the crypto industry instead of diversifying in different sectors.
Coinbase’s stock (COIN) opened with a price tag of around $400. However, despite the optimistic opening, CEO Brian Armstrong warned about some regulatory threats to the industry.