Notwithstanding the recent fluctuations in the market and the tempestuous legislative debates in Washington, Coinbase’s illustrious CEO, Brian Armstrong, remains profoundly bullish on the virtues of Bitcoin (BTC). This paragon of crypto wisdom has confided to Bloomberg that the esteemed coin might yet soar to a staggering $1,000,000.
“I have, with unwavering conviction, proclaimed that Bitcoin may ascend to a million dollars by the year 2030. I maintain this belief, despite the capricious tides of weekly or monthly market shifts,” declared the sagacious Armstrong. “Thus, we endeavor not to be unduly swayed by transient fluctuations, for the long-term trajectory is the truest compass.”
Armstrong elucidated that the inimitable nature of Bitcoin, with its unyielding supply, sets it apart from the fickle realm of fiat currencies.
“The most remarkable attribute of Bitcoin lies in its lack of a money-printing apparatus, verily! Its supply is fixed, immutable, and thus, as the populace embraces this digital marvel, demand shall swell, and with it, the price shall ascend,” he expounded.
With a tone both solemn and sharp, Armstrong cautioned the hesitant: “Those who neglect to allocate even a modest portion of their fortune to this digital marvel shall find themselves most woefully bereft.”
The Battle with the Banks
Coinbase now finds itself ensnared in a high-stakes political maneuvering concerning the fate of market structure legislation. Last week, the company withdrew its endorsement of a draft Senate bill, a decision that sent ripples through the corridors of power. Armstrong revealed this choice stemmed from what he perceived as protectionist measures, designed to shield traditional banks from the encroachment of innovation.
“There were too many concessions to the traditional banks, if I may so boldly state,” Armstrong remarked. “Our stance is clear: a level playing field, where all may compete, and the banks, unaccustomed to such rivalry, have taken umbrage.”
The CEO did not mince words regarding the lobbying efforts of these venerable institutions. “The bank lobbies and associations are actively seeking to quash their competitors, a practice I deem most un-American. It stifles consumers and deprives banks of the very innovation they so desperately require.”
A pivotal point of contention involves stablecoins. Banks have decried platforms offering incentives for holding these assets as a ‘deposit flight risk.’ Armstrong countered with a sharp distinction between the prudence of a crypto exchange and the precariousness of a fractional reserve bank.
“We do not engage in fractional reserve lending,” Armstrong asserted. “In the crypto realm, every coin is accounted for, eliminating the specter of a bank run. Such a calamity is an impossibility when 100% reserves are the norm.”
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2026-01-20 23:58