‘Undervalued’ – Coinbase CEO Reveals ‘Bullish’ Crypto Prediction After $200B FTX Bitcoin and Ethereum Price Crash
Bitcoin
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Bitcoin price has crashed below $17,000 per bitcoin, down more than 70% from last year’s all-time high of nearly $70,000. The Ethereum price, meanwhile, has suffered a similar selloff despite Wall Street giant JPMorgan making a surprise bet on decentralized finance (DeFi).
Now, Brian Armstrong, CEO of the largest US bitcoin, ethereum and crypto exchange Coinbase
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Coinbase CEO Brian Armstrong has issued a bullish crypto prediction even after … [+]
Armstrong is “as bullish on crypto as ever,” even after the implosion of major bitcoin, ethereum and crypto exchange FTX this month, he told Financial Timesadding that Coinbase currently looks “undervalued” after the stock has collapsed from its Spring 2021 Nasdaq listing price.
“I’m so happy about it [went public]”, Armstrong said. “I’m glad we’re helping the market understand crypto cycles better… because that’s been our history as a company, [that] we want to blaze a trail, legitimize the entire industry. We don’t mind being misunderstood or questioned for a few years. We’re playing this for the long haul.”
Meanwhile, Armstrong expects long-awaited bitcoin and crypto regulation currently being debated by lawmakers in the US and around the world to entrench “the biggest companies.”
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The Bitcoin price has been in a steep downward trend for the past year, crashing below $17,000 per … [+]
