Despite Recent Market Downturn, Coinbase CEO Brian Armstrong Remains Bullish

This aggregated story was originally published on this site. Follow the link in the word Story at left to read the full article.

Brian Armstrong, chief executive of San Francisco-based Coinbase appears to be unfazed by the market’s undisguised downturn, and has stated his cryptocurrency exchange was signing up 50,000 new members a day last year. After shedding $60 billion in one week, market capitalization now has late investors firmly in the red. Early adopters may also be recording double-digit losses as Ethereum falls back to September 2017 prices and Bitcoin eyes dipping below the 70 percent retracement level. Fear, uncertainty and doubt (FUD) may easily find footing in a bear market; however, Armstrong seems to believe that the technological prowess of cryptocurrency will be the cure-all for worried investors. Speaking at the Bloomberg Players Technology Summit, the Coinbase co-founder stated: “This technology is going through a series of bubbles and corrections, and each time it does that, it’s at a new plateau. People’s expectations are all over the map, but real-world