Brian Armstrong, Coinbase CEO, shares his thoughts and philosophy on Bitcoin and crypto.
The man has years of experience to back up his opinions, and he posted on Twitter his thoughts regarding the crypto space.
Brian Armstrong shares financial knowledge
He just wanted to share some knowledge on the past and potential future of this highly developing market.
He made sure to highlight the ups and down over the past six years and the psychology that makes it feel like the market will probably never stop rising in a bull run and will never fall when the bearish trend comes.
“I want to encourage you all to ignore the price of crypto and the headlines which will inevitably start to come up. Our job is to rise above that, finding our own intrinsic source of motivation, to come in and do our best work, regardless of what other people think,” Armstrong wrote.
“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,” he continued.
“When there is hype, people are irrationally exuberant. When there is despair, people are irrationally pessimistic. Neither is true. Reality is always somewhere in the middle, more correlated with real usage (transactions per day) than the price,” Armstrong tweeted.
Check out his whole rant below:
— Brian Armstrong (@brian_armstrong) June 19, 2018
Coinbase is working to attract new investors
Coinbase has been working hard to expand the enterprise and attract massive investors.
The company has recently announced four new products (Coinbase Custody, Coinbase Markets, Coinbase Institutional Coverage Group and Coinbase Prime) that claims will be able to attract $10 billion from institutional investors who are sitting on the sidelines for the moment.