The chief executive of major bitcoin and crypto exchange Coinbase has predicted when the bitcoin price could flip gold's $18
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,
The chief executive of top US-based crypto exchange platform Coinbase says that traditional finance (TradFi) institutions are about to ramp up their crypto investments.
Coinbase CEO Brian Armstrong has highlighted how U.S. President Donald Trump's crypto agenda has become a central topic.
Coinbase's Brian Armstrong predicted that Bitcoin could reach multiple million dollars in price over time. He also acknowledged that more institutions are adopting Bitcoin, which could raise its price to millions.
Coinbase CEO calls Bitcoin a better form of money than gold, citing its performance, portability, and potential to surpass gold’s market cap.
Bitcoin hit a new high as President Donald Trump made big moves after his inauguration—like freeing Silk Road founder Ross Ulbricht.
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.
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'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, the largest crypto exchange in the US, is grappling with an unprecedented flood of new tokens. The platform’s CEO, Brian Armstrong, sounded the alarm on X today.