The chief executive of major bitcoin and crypto exchange Coinbase has predicted when the bitcoin price could flip gold's $18
On the campaign trail, Trump pitched a national bitcoin stockpile, but it remains to be seen if he will fulfill this pledge.
The Coinbase CEO Brian and a CryptoQuant analyst have explained why it would be more beneficial for countries to prioritize Bitcoin over gold. Discussions surrounding Bitcoin's potential as a reserve asset have gained momentum,
Coinbase (NASDAQ:COIN) co-founder and CEO Brian Armstrong said Bitcoin (CRYPTO: BTC) is “a better form of money,” advocating for its inclusion in government reserves. What Happened: Armstrong on Thursday on X argued that Bitcoin's ~$2 trillion market cap—roughly 11% of gold's ~$18 trillion market cap—positions it as a superior form of money due to decentralization,
Coinbase CEO Brian Armstrong has highlighted how U.S. President Donald Trump's crypto agenda has become a central topic.
The ghost of John McAfee's bold Bitcoin bet lives on as industry leaders make astronomical price predictions—minus the anatomical wagers.
Furthermore, instead of issuing these loans on a blockchain even remotely related to Bitcoin (such as Bitcoin sidechains or Bitcoin L2s), Coinbase is issuing them through Morpho Labs, a DeFi platform best described as an AAVE competitor. While Morpho is a well-established platform—and I don’t doubt its security—it has no connection to Bitcoin.
Coinbase CEO Brian Armstrong said that Bitcoin is a nice check and balance on deficit spending and high inflation. The executive spoke during the World Economic Forum in Davos highlighting the way forward for the crypto industry under Trump’s administration.
Coinbase, in partnership with Morpho Labs, has launched a Bitcoin-backed loan service, allowing U.S. users to borrow up to $100,000 in USD Coin (USDC) using their Bitcoin as collateral.
On the other hand, Coinbase is less affected by Bitcoin price fluctuations. As long as trading volumes remain high, whether through sell or buy transaction, it will continue make money from the trading fees. This article first appeared on GuruFocus.
Coinbase's setup caps each borrow at $100,000 in USDC. To borrow that much money customers will need to post more than that amount of bitcoin. Morpho will start liquidating the collateral if the loan-to-value ratio flies too close to the sun.
Coinbase CEO Brian Armstrong said that 1 million new crypto coins are listed weekly on the platform, which makes evaluating each token difficult.