Coinbase CEO Brian Armstrong announced a reconsideration of the company's Bitcoin investment strategy, emphasizing caution against financial instability amid increased crypto assets.
The decision to avoid a Bitcoin-focused strategy, previously advocated by Michael Saylor, reflects concerns about liquidity and sustainability, as Coinbase holds $1.3 billion primarily in Bitcoin.
Responses vary within the community, with some praising the risk-averse stance while others criticize missed opportunities in the bullish market.
Currently, Bitcoin is priced at $103,860.72, showing a 0.95% rise, with market analysts observing increased interest and potential technological advancements in blockchain.
Full story here: https://coincu.com/336783-coinbase-risks-bitcoin-strategy
