Coinbase May Not Highlight ’Crypto’ in Five Years, Says Electric Capital’s Avichal Garg

Avichal Garg, co-founder of Electric Capital, predicts that Coinbase will not need to mention ’crypto’ in its branding within the next five years, as it will be understood as a mainstream financial instrument. Garg believes spot Bitcoin ETFs have mitigated the damage caused by the FTX collapse, enhancing crypto’s reputation. He envisions crypto becoming mainstream and integrating more deeply into various sectors. Garg’s approach focuses on the broader implications of blockchain and Web3 rather than short-term market predictions or price discussions, emphasizing the long-term potential and societal impact of these technologies.
Bullish
The prediction that Coinbase will not need to mention ’crypto’ in the future due to its mainstream acceptance and the positive impact of Bitcoin ETFs suggests a bullish outlook. The endorsement from major institutions like BlackRock and the regulatory approvals indicate growing institutional confidence in crypto assets, which could stimulate broader adoption and increased market stability.