Technical Director Coinbase , Srinivasan Balaji (Balaji Srinivasan) has caused a storm on Twitter his thoughts about the prospects of cryptocurrency.

In particular, he said that while smartphones owns 63% of the adult population, only 8% of them in the U.S. and less than 1% worldwide own a smartphone. From this he concluded that the potential number of users of the cryptocurrency can be 60 times more current.

About 8% of Americans hold crypto and probably <1% of the world. By contrast, about 63% of world adults own smartphones. So that's >60X growth remaining for crypto in terms of userbase size. It’s all just getting started.



— Balaji S. Srinivasan (@balajis) July 11, 2018

Some users agreed that these figures indicate the potential for the development of the stock market. However, many questioned the evidence that cryptocurrencies possess 8% of the U.S. adult population, and according to Sreenivasan, the possession of smartphones and cryptocurrency there is any correlation.

The proportion of 8% based on the survey Finder, which took part in 2001 the Americans. According to many commentators, this figure is hardly valid, and some suggested that the sample was unrepresentative.

Some users also questioned the relationship between the number of smartphone owners and potential size of the cryptocurrency market. One commenter noted that with the same degree of confidence we can say that 60% of Americans buy lottery tickets, because it can be done with a smartphone.

Statistics on smartphone users, in turn, based on the results of the study Zenith.

One of the opponents Sreenivasan also added that the smartphone is the vehicle needed, what can be said about the cryptocurrency.

Recall that Srinivasan Balaji took the post of technical Director at Coinbase in April this year after the company acquired the platform the founder and the head of which he was.

Before beginning work on the project (formerly known as 21 Inc.) Srinivasan was a General partner of venture Fund Andreessen Horowitz, and also founded a startup Counsyl, who won the award The Wall Street Journal for innovation in medicine.