Here's What Coinbase's CEO and Crypto Billionaire Thinks About Cryptocurrency Today
Crypto in the U.S. is in a unique position. The asset class as a whole has rallied more than 40% since the beginning of 2023, yet is still down more than 60% from the highs of 2021.
Now, adding to the uniqueness of the situation, recent calls by high-profile legislators and agencies such as the Securities and Exchange Commission to adopt regulations puts crypto in arguably the most precarious position it's ever been in.
At seemingly the perfect time, in a recent interview with Bloomberg, Coinbase (NASDAQ: COIN) Chief Executive Officer Brian Armstrong helped to paint a clear picture of crypto's current standing and offered investors of Coinbase, and cryptocurrency in general, his two cents on the situation at hand.
Source Fool.com
