Coinbase CEO Brian Armstrong Slams Idea That It Is Too Late To Get Into Crypto
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Coinbase (NASDAQ:MONEY) CEO Brian Armstrong He rejected the idea that cryptocurrencies are too expensive for new entrants.
“You don’t need to buy a full Bitcoin or ETH to get started,” Armstrong said in question Market X. “You can start buying and holding crypto with just a few dollars. It’s never too late.”
Armstrong’s remarks come at a time when Bitcoin is trading above $100,000 and Ethereum near $4,000; These figures may intimidate potential investors. For investors looking for significant returns, it may also feel like the train has left the station. This sentiment is often cited as a reason why some investors engage in speculative trading of assets such as memecoins, which have no utility and are prone to rapid rises and falls.
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However, according to many cryptocurrency executives and top market observers, it is still too early to get into cryptocurrencies, especially Bitcoin.
“It’s still too early until Bitcoin reaches $500,000” Bitsel investment chief Matt Hougan Said in November 2024 memory. This view, which SkyBridge Capital founder Anthony Scaramucci to have since sharedIt is based on Bitcoin’s digital gold narrative.
The idea is that if the narrative that Bitcoin is digital gold takes off, a mature Bitcoin will have half the market share of gold, and at the time, Hougan predicted the asset would rise to $500,000.
In the same vein, Gemini Space Station Inc. (NASDAQ:TWINS) founding partner Tyler Winklevoss Last month I said “this is still the bottom of the first inning” for Bitcoin. He said he expects Bitcoin to trade at $1 million if it breaks gold.
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Likewise Armstrong he said recently We predict that Bitcoin will be traded at $1 million by 2030. Fox Business interview Last month, he cited increased regulatory clarity in the US as one of the reasons for his confidence. He also referred to the President Donald Trump‘s Establishment of a strategic Bitcoin reserve and institutional flows from spot BTC exchange-traded funds.
“There are a lot of positive tailwinds for Bitcoin, and there will never be more than 21 million Bitcoins produced in the world, and a lot of capital pools still haven’t been able to access that,” Armstrong told Fox Business. “That tells me this thing still has a long way to go.”
