Coinbase CEO Brian Armstrong Says: Bitcoin & Cryptocurrencies are the new stock

[GreenBits]

Check it out fellas, I gave my 2 cents about the subject in the video but I would love to hear your thoughts on what he said in the interview as well. Thanks!


https://www.youtube.com/watch?v=Gel1GLJd3Ec

i would claim this for the erc20 token offerings that are securities, but not for bitcoin, specifically. bitcoin, being decentralized, is literally the opposite of what we traditionally call a "stock". its an asset, and a growth asset to boot. but stock represent singular entities, the corp that issues it. bitcoin is a consensus; bitcoin price simply reflects what we collectively want it to be.

some of the alts that are securities might fit this bill. even some of the better, more useful tokens. but bitcoin, specifically, has to sit this designation out.

Its Brian Armstrong, so I will give him a pass but this statement bears a bit more consideration, imo.


at least he isnt a wallstreet bald head calling bitcoin a fraud

[Goosebump]

Check it out fellas, I gave my 2 cents about the subject in the video but I would love to hear your thoughts on what he said in the interview as well. Thanks!


https://www.youtube.com/watch?v=Gel1GLJd3Ec

i would claim this for the erc20 token offerings that are securities, but not for bitcoin, specifically. bitcoin, being decentralized, is literally the opposite of what we traditionally call a "stock". its an asset, and a growth asset to boot. but stock represent singular entities, the corp that issues it. bitcoin is a consensus; bitcoin price simply reflects what we collectively want it to be.

some of the alts that are securities might fit this bill. even some of the better, more useful tokens. but bitcoin, specifically, has to sit this designation out.

Its Brian Armstrong, so I will give him a pass but this statement bears a bit more consideration, imo.


at least he isnt a wallstreet bald head calling bitcoin a fraud

I see your points, but with cryptocurrency, for the time being at least, largely viewed as stores of value, wouldn't you think that by MOST people they would view it as a stock? I am not saying that people who are in the cryptocommunity see it this way, but I assume that the large majority do. Especially since the only crypto they know is Bitcoin.