Brian Armstrong on the Crypto Economy
Conversations with Tyler
00:00
Coinbase CEO on The Future of Bitcoin and Layer Two Solutions
Bitcoin will not fork and will remain limited to twenty-one million coins. The base layer of Bitcoin may see increased transaction fees due to global adoption, while layer two solutions could offer faster payments with lower fees. The potential long-term equilibrium of Bitcoin suggests very low velocity if mining fees increase. Bitcoin is viewed as digital gold, likely not becoming a medium of exchange without successful layer two solutions. In absence of layer two solutions, Bitcoin may evolve into a slow-moving asset for uncertain times, akin to a reserve currency in the crypto economy.
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