Bitcoin BTC/USD adoption is on track to reach several billion users by the end of the decade, according to Coinbase COIN CEO Brian Armstrong.

In a statement on X on Monday, Armstrong pointed to the rapid pace of Bitcoin growth, comparing it to the early adoption rates of mobile phones and the internet.

“Bitcoin adoption should get to several billion people by 2030 at current rates,” Armstrong wrote, emphasizing the acceleration in mainstream cryptocurrency use.

He was responding to a tweet by entrepreneur Mario Nawfal, who, citing data from BlackRock BLKstated that crypto adoption has grown 43% faster than mobile phones and 20% faster than the internet.

He said that the report suggests that younger generations, concerns over inflation, and a pro-crypto stance from U.S. leadership are key drivers of this expansion.

Meanwhile, institutional adoption continues to grow, with Bitcoin ETFs projected to hit $250 billion in assets under management.

Regulatory clarity is also improving, further legitimizing Bitcoin as a mainstream financial asset.

“With Bitcoin ETFs projected to hit $250 billion and regulatory wins piling up, crypto's mainstream takeover is accelerating,” Nawfal said.

As Bitcoin adoption scales, experts see further integration into global finance, driven by both institutional participation and growing retail demand.

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Why It Matters: Meanwhile, asset management giant BlackRock has increased its stake in Strategy Inc. MSTR, a company best known for its substantial Bitcoin holdings.

A Feb. 6 filing with the U.S. Securities and Exchange Commission (SEC) shows BlackRock now owns approximately 11.26 million shares of Strategy, up from 9.48 million shares three months prior.

This brings BlackRock's total ownership in Strategy to 5%, reflecting an estimated $584 million investment based on Strategy's current share price of $325.

In total, BlackRock’s stake is now valued at more than $3.67 billion.

The company's growing exposure to Strategy aligns with the firm's ongoing accumulation of Bitcoin, which now stands at 471,107 BTC, worth over $46 billion at current prices.

BlackRock's increasing Bitcoin exposure marks a stark shift in the perspective of its CEO, Larry Fink, who once dismissed Bitcoin as an "index of money laundering" and doubted its legitimacy as a financial asset.

However, Fink's stance has significantly changed in recent years, particularly with BlackRock's launch of the iShares Bitcoin Trust IBIT.

He now refers to Bitcoin as a potential “international asset,” akin to gold, and sees Bitcoin ETFs as a means to offer regulated access to digital assets.

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