Crypto Newcomers are given Words of Caution by Coinbase CEO
The Coinbase CEO Brian Armstong offers the Words of Caution about the latest cryptocurrency to investors amid the latest value of the Bitcoin to the freshly all-time high. The CEO of the known cryptocurrency exchange in his recent interview stated that his company has been taking a long-term market view while focusing more on the cryptocurrency investment without any risk. However, the company was quite excited to see the rising interest in crypto. But it is equally important to highlight those points that the time is not just for the high volume but also for the price volatility.
According to Armstrong, there are chances for the market to move in any direction in a much faster manner as compared to the equity markets. Armstrong has already warned about the investors whom he thinks shall be more focused on the speculations to be made on short term bases and also encourages the customers to look out for the resources. Armstrong advised that consulting a financial professional is the best thing to do if you don’t have much knowledge or awareness about the particular subject.
The Coinbase CEO has further added different outages this year. The exchange has already been struggling quite a lot with the traders following over to capitalize on the volatility of the high Bitcoin rise. Even if there can be possible shortfalls but they are focusing on doing the best to address shortcomings while transparent communication is maintained. All the information shall be sent to the respective customers who need to be confident in managing their respective accounts and thus make the trending decision in a much-informed manner. Surely with Crypto Newcomers are given Words of Caution by Coinbase CEO, it is not something to be ignored.
CBW - External Analyst