Despite the bear market, Coinbase has more than 50,000 new users per day. The CEO is very optimistic.
The story repeats itself
“This technology is going through a series of bubbles and corrections, and each time it does that, it’s at a new plateau,” – Armstrong
Armstrong, also called for a new bottom on Bitcoin, and the market in general. With more than 50,000 new users a day, Coinbase does not seem to complain. For him, history repeats itself, and we are simply in a new correction before a new bull run. It is therefore very optimistic for the future, the market should rebound!
“People’s expectations are all over the map, but real-world adoption has been going up.
He supports his argument by highlighting the mainstream development of cryptocurrencies in recent months. He surely has in mind the Bakkt project, and many others that will allow the massive adoption of cryptocurrencies. An asymmetry was clearly present in 2017 between price and real utility. Today, it is again present, but in favor of buyers.
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The co-founder of Ethereum joins his opinion
According to Joseph Lubin, a massive wave of adoption is coming and it would be thanks precisely to the correction of the last months. The corrections are, according to the co-founder of Ethereum, an opportunity for technology to develop, far from speculation. In an interview for Bloomberg, he talks about the price of cryptocurrencies:
We’ve seen six big bubbles, each more epic than the previous one, and each bubble is astonishing when they’re happening but when you look back they look like pimples on a chart.
The correction of 2018 will certainly become a detail, the market will start again.