Coinbase CEO: The business of crypto has 'never been stronger'
Coinbase CEO: The business of crypto has 'never been stronger'
Brian SozziWed, March 4, 2026 at 1:18 PM UTC
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It's probably no small surprise that Coinbase (COIN) co-founder and CEO Brian Armstrong is bullish on crypto.
But against this heightened backdrop of market volatility amid the US-Israeli attacks on Iran and a stalled Clarity Act in Congress, surely the crypto faithful appreciate his latest upbeat take.
"The foundations for crypto have never been stronger," Armstrong said on X on Wednesday, responding to a recent interview with Coinbase's head of strategy, John D'Agostino. (Disclosure: Yahoo Finance has a partnership with Coinbase.)
Bitcoin (BTC-USD) prices finally started to come alive today as traders grew more comfortable with the digital asset as a possible safe-haven trade amid the fresh war. Bitcoin prices were up 6% to $71,364, as of the time of this writing.
That said, it has been a rough start to the year for the crypto industry.
Bitcoin has declined approximately 18% year to date, as the cryptocurrency endured significant volatility throughout February, with an ugly 15% drop. The performance marked one of its worst months in recent history.
Pros have attributed February's losses to seasonal weakness, with five consecutive months in the red from October 2025 onward creating bearish momentum heading into the first quarter of 2026.
Read more: Is bitcoin's price volatility an investing opportunity? Here's how to buy bitcoin.
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Meanwhile, the clock is ticking for the Clarity Act to be passed in Washington.
"Let's not let any moss grow here," Patrick Witt, executive director of the President's Council of Advisors for Digital Assets, urged on Yahoo Finance's Opening Bid.
Still, Coinbase's D'Agostino argued, these periods of "mean reversion" for bitcoin or so-called corrections are a "very natural" part of a scarce asset's life cycle.
And something interesting is happening beneath the surface: ETF money has mostly stayed in crypto, Wall Street is still keen on crypto, and long-term holders like Strategy's (MSTR) Michael Saylor and Skybridge Capital's Anthony Scaramucci remain unshaken.
The crypto bears may need to chill out.
The institutional shift has also continued. D'Agostino noted that traditional finance giants like Mastercard (MA) and Visa (V) are now using the USDC (USDC-USD) stablecoin to accelerate payment settlements, introducing the concept of "settlement finality."
Brian Sozzi is Yahoo Finance's Executive Editor and a member of Yahoo Finance's editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email brian.sozzi@yahoofinance.com.
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