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Bitcoin Hits $100,000: Key Insights from CZ and Brian Armstrong๐ฑ๐ฑ๐จ๐จ
As #bitcoin surpassed $100,000 for the first time in its 16-year history, influential figures in the cryptocurrency world, including Binance's former CEO #Changpeng.CZ.Zhao (CZ) and Coinbase CEO #BrianArmstrong , shared their perspectives on this milestone. Their reactions highlighted Bitcoinโs immense potential and the broader economic implications of its price surge.
๐๐'๐ฌ ๐๐๐ซ๐ฌ๐ฉ๐๐๐ญ๐ข๐ฏ๐: ๐๐ข๐ญ๐๐จ๐ข๐ง ๐๐ฌ "๐๐ก๐๐๐ฉ๐๐ซ" ๐๐ก๐๐ง ๐๐ฏ๐๐ซ
Changpeng Zhao, who recently returned to Dubai after his legal challenges in the U.S., offered a unique viewpoint on Bitcoinโs rising value. While others congratulated him on his Bitcoin gains, CZ remained grounded, explaining, โI havenโt made much. I still hold the same amount of Bitcoin, but everything around me has become cheaper.โ His comment underscores the deflationary impact Bitcoin could have on purchasing power, suggesting that, despite the soaring price of Bitcoin, other assets may seem more affordable in comparison.
๐๐ซ๐ข๐๐ง ๐๐ซ๐ฆ๐ฌ๐ญ๐ซ๐จ๐ง๐ ๐๐๐๐ฅ๐๐๐ญ๐ฌ ๐จ๐ง ๐๐ข๐ญ๐๐จ๐ข๐งโ๐ฌ ๐๐ฆ๐ฉ๐ซ๐๐ฌ๐ฌ๐ข๐ฏ๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Coinbase CEO Brian Armstrong also weighed in on Bitcoinโs incredible growth, drawing attention to its past performance. Reflecting on Bitcoinโs early days, Armstrong stated that if someone had invested in Bitcoin back in 2012, when Coinbase launched, their $100 investment would be worth over $1.5 million today. He contrasted this with the current state of traditional currency, which has seen its purchasing power eroded by inflation. Armstrong further emphasized Bitcoinโs status as the best-performing asset of the last decade, suggesting that the world is still in the early stages of its financial revolution. He called on nations, especially those battling inflation, to build Bitcoin reserves to protect their economic futures.
๐๐ฌ ๐๐ข๐ญ๐๐จ๐ข๐ง ๐๐จ๐ง๐ญ๐ข๐ง๐ฎ๐๐ฌ ๐ข๐ญ๐ฌ ๐ฎ๐ง๐ฉ๐ซ๐๐๐๐๐๐ง๐ญ๐๐ ๐ซ๐ข๐ฌ๐, ๐ญ๐ก๐๐ฌ๐ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐ฌ ๐๐ซ๐จ๐ฆ ๐ค๐๐ฒ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ข๐ ๐ฎ๐ซ๐๐ฌ ๐ซ๐๐ฆ๐ข๐ง๐ ๐ฎ๐ฌ ๐จ๐ ๐ข๐ญ๐ฌ ๐ฅ๐จ๐ง๐ -๐ญ๐๐ซ๐ฆ ๐ฉ๐จ๐ญ๐๐ง๐ญ๐ข๐๐ฅ ๐๐ง๐ ๐ญ๐ก๐ ๐ ๐ซ๐จ๐ฐ๐ข๐ง๐ ๐ซ๐จ๐ฅ๐ ๐ข๐ญ ๐ฉ๐ฅ๐๐ฒ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐๐๐จ๐ง๐จ๐ฆ๐ฒ.
#CZ #coinbaseCeo
๐๐'๐ฌ ๐๐๐ซ๐ฌ๐ฉ๐๐๐ญ๐ข๐ฏ๐: ๐๐ข๐ญ๐๐จ๐ข๐ง ๐๐ฌ "๐๐ก๐๐๐ฉ๐๐ซ" ๐๐ก๐๐ง ๐๐ฏ๐๐ซ
Changpeng Zhao, who recently returned to Dubai after his legal challenges in the U.S., offered a unique viewpoint on Bitcoinโs rising value. While others congratulated him on his Bitcoin gains, CZ remained grounded, explaining, โI havenโt made much. I still hold the same amount of Bitcoin, but everything around me has become cheaper.โ His comment underscores the deflationary impact Bitcoin could have on purchasing power, suggesting that, despite the soaring price of Bitcoin, other assets may seem more affordable in comparison.
๐๐ซ๐ข๐๐ง ๐๐ซ๐ฆ๐ฌ๐ญ๐ซ๐จ๐ง๐ ๐๐๐๐ฅ๐๐๐ญ๐ฌ ๐จ๐ง ๐๐ข๐ญ๐๐จ๐ข๐งโ๐ฌ ๐๐ฆ๐ฉ๐ซ๐๐ฌ๐ฌ๐ข๐ฏ๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Coinbase CEO Brian Armstrong also weighed in on Bitcoinโs incredible growth, drawing attention to its past performance. Reflecting on Bitcoinโs early days, Armstrong stated that if someone had invested in Bitcoin back in 2012, when Coinbase launched, their $100 investment would be worth over $1.5 million today. He contrasted this with the current state of traditional currency, which has seen its purchasing power eroded by inflation. Armstrong further emphasized Bitcoinโs status as the best-performing asset of the last decade, suggesting that the world is still in the early stages of its financial revolution. He called on nations, especially those battling inflation, to build Bitcoin reserves to protect their economic futures.
๐๐ฌ ๐๐ข๐ญ๐๐จ๐ข๐ง ๐๐จ๐ง๐ญ๐ข๐ง๐ฎ๐๐ฌ ๐ข๐ญ๐ฌ ๐ฎ๐ง๐ฉ๐ซ๐๐๐๐๐๐ง๐ญ๐๐ ๐ซ๐ข๐ฌ๐, ๐ญ๐ก๐๐ฌ๐ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐ฌ ๐๐ซ๐จ๐ฆ ๐ค๐๐ฒ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ข๐ ๐ฎ๐ซ๐๐ฌ ๐ซ๐๐ฆ๐ข๐ง๐ ๐ฎ๐ฌ ๐จ๐ ๐ข๐ญ๐ฌ ๐ฅ๐จ๐ง๐ -๐ญ๐๐ซ๐ฆ ๐ฉ๐จ๐ญ๐๐ง๐ญ๐ข๐๐ฅ ๐๐ง๐ ๐ญ๐ก๐ ๐ ๐ซ๐จ๐ฐ๐ข๐ง๐ ๐ซ๐จ๐ฅ๐ ๐ข๐ญ ๐ฉ๐ฅ๐๐ฒ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐๐๐จ๐ง๐จ๐ฆ๐ฒ.
#CZ #coinbaseCeo
Regulators Canโt Keep Up? Coinbase CEO Urges Crypto Approval Overhaul
Approximately one million new tokens are created weekly according to Coinbase CEO Brian Armstrong.
As the digital asset explosion unfolds, Armstrong is sounding the alarm on outdated listing processes and hurdles in crypto regulation.
On January 26, Armstrong took to X (formerly Twitter) to propose a more efficient method for listing cryptocurrencies on exchanges like Coinbase. His message?
The current approval system isnโt cutting it anymore.
Too Many Tokens, Too Little Time
Armstrong said,
โEvaluating each one by one is no longer feasible.โ
With 1 million new tokens entering the market every week, crypto exchanges face an increasingly overwhelming challenge in evaluating and listing them all.
The sheer volume has created a โhigh-quality problemโ but also one that can no longer be addressed with the current, labor-intensive process.
According to Armstrong, for exchanges like Coinbase, the traditional โallow listโ systemโwhere tokens are manually reviewed and approvedโis quickly becoming outdated.
Armstrongโs call for a rethink on how tokens are listed highlights the logistical difficulties of keeping pace with the rapid growth of the market.
But itโs not just the exchanges that are struggling. Regulators are feeling the pressure too.
Armstrong noted that regulators are not equipped to approve each new token individually, especially with 1 million tokens being created every week.
He recommends a shift from the โallow listโ to a more efficient โblock listโ system. This approach would focus on blocking problematic tokens while allowing others to enter the market freely.
Armstrong wrote,
โRegulators need to understand that applying for approval for each one is totally infeasible at this point.โ
The current method, he argued, isnโt scalable. Instead, he argues that regulators could use data-driven toolsโlike customer reviews and on-chain scanningโto assess tokens more
#CoinbaseCEO #coinbase #Regulators #CryptoMarket #CryptoNews
Approximately one million new tokens are created weekly according to Coinbase CEO Brian Armstrong.
As the digital asset explosion unfolds, Armstrong is sounding the alarm on outdated listing processes and hurdles in crypto regulation.
On January 26, Armstrong took to X (formerly Twitter) to propose a more efficient method for listing cryptocurrencies on exchanges like Coinbase. His message?
The current approval system isnโt cutting it anymore.
Too Many Tokens, Too Little Time
Armstrong said,
โEvaluating each one by one is no longer feasible.โ
With 1 million new tokens entering the market every week, crypto exchanges face an increasingly overwhelming challenge in evaluating and listing them all.
The sheer volume has created a โhigh-quality problemโ but also one that can no longer be addressed with the current, labor-intensive process.
According to Armstrong, for exchanges like Coinbase, the traditional โallow listโ systemโwhere tokens are manually reviewed and approvedโis quickly becoming outdated.
Armstrongโs call for a rethink on how tokens are listed highlights the logistical difficulties of keeping pace with the rapid growth of the market.
But itโs not just the exchanges that are struggling. Regulators are feeling the pressure too.
Armstrong noted that regulators are not equipped to approve each new token individually, especially with 1 million tokens being created every week.
He recommends a shift from the โallow listโ to a more efficient โblock listโ system. This approach would focus on blocking problematic tokens while allowing others to enter the market freely.
Armstrong wrote,
โRegulators need to understand that applying for approval for each one is totally infeasible at this point.โ
The current method, he argued, isnโt scalable. Instead, he argues that regulators could use data-driven toolsโlike customer reviews and on-chain scanningโto assess tokens more
#CoinbaseCEO #coinbase #Regulators #CryptoMarket #CryptoNews
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