Coinbase CEO Says He Was Surprised by Bitcoin Price!

Leading cryptocurrency Bitcoin especially Ethereum and altcoins experienced a nice rise yesterday.

BTC While there is a rise in altcoins and altcoins, the largest cryptocurrency exchange in the USA Brian Armstrong, CEO of CoinbaseImportant statements came from .

Coinbase CEO participating in CNBC’s Squawk Box program Bitcoin He touched upon issues such as lack of regulation in the USA.

Despite all the negative events BitcoinHe said he was happily surprised that it was currently trading above $20,000.

52 million in the USA cryptocurrency Noting that he is a user, the famous CEO stated that this number is not to be underestimated and that there is a lack of regulation in the USA.

Stating that at this point, the authorities are going the wrong way in determining rules for the crypto industry, Armstrong said that companies prefer to do business outside the USA because there are no clear rules in the crypto industry.

“Although the number of crypto users in the US is high, there are no clear rules. That’s why US companies prefer to do business abroad.

This caused the crypto market share in the USA to decrease from 40% to 29%. However, in countries outside the USA such as Singapore, Hong Kong, Brazil and Australia, this is the opposite.”

Addressing the upcoming lawsuit of FTX founder SBF, Coinbase CEO compared the FTX incident to the Mt.Gox incident in the past. Pointing out that the FTX incident should not be forgotten, Armstrong emphasized that the FTX incident had very negative effects on the industry, and despite these effects, many founders tried to develop the industry in a responsible and reliable way.

last ongoing SEC- Coinbase Addressing the case, the famous CEO reiterated his view that the SEC’s approach was ineffective and arbitrary.

Referring to three separate court decisions given by different judges regarding the Coinbase-SEC case, Armstrong expressed his confidence in the outcome of the court.