Brian Armstrong’s perspective on the crypto market
Coinbase CEO Brian Armstrong also provided his own perspective on the market, and back then he said that downturns are a great time to refocus and work on the ultimate task, which is the mainstream adoption of cryptocurrency.
“The crypto industry is like no other I’ve seen – lots of up and down cycles (reaching a new plateau each time). There have been 3 or 4 of these now. It can be scary the first time you see it, but to us who have been in the industry for many years, it feels like old news,” Armstrong stated.
He continued and stated that whenever there is hype in the crypto space, people become “irrationally exuberant,” and when there’s despair, they become too pessimistic.
Is anyone surprised? We're at the tail end of a crypto bubble.