Coinbase believes that Zuckerberg’s entry into the cryptocurrency space will trigger another cryptocurrency boom

Coinbase CEO Brian Armstrong claims that large tech companies such as BlackRock and Meta will participate in the development of the cryptocurrency industry in the future. «We want every tech company to be able to integrate into cryptocurrencies. This is essentially the same as every company having an online presence. Even if a company is not focused on providing services via the Internet, it will still have a website, social media to attract customers or accept virtual payments.»

In early August, BlackRock announced an agreement with the Coinbase crypto exchange to offer institutional investors the opportunity to manage their own digital assets. BlackRock uses the Coinbase Prime platform for its services. Analysts have found out that the deal between BlackRock and Coinbase could trigger an explosion in the value of bitcoin — the flagship cryptocurrency is predicted to grow to $ 773,000.

«Big Tech will play its role. We see that companies like BlackRock, the largest asset manager, have now integrated with Coinbase. Meta has also been a great example of this collaboration (when they integrated CoinbaseWallet for the NFT feature on Instagram). We can really benefit not only from retail customers, but also by signing deals with the largest companies in the world. This is promising for our future.» — armstrong summarized