Coinbase CEO Brian Armstrong says he “enjoys” Bitcoin price downturns as it “distracts” those not “making progress.”
Armstrong: Downmoon ‘Allows For Progress’
In a series of tweets aimed at the employees of the United States’ largest cryptocurrency exchange and wallet provider, Armstrong compared three cycles of Bitcoin prices from 2013, 2014, and 2017, respectively — noting the market leader’s “up and down cycles.” He commented:
After many years of this, I’ve come to enjoy the down cycles in crypto prices more.
It gets rid of the people who are in it for the wrong reasons, and it gives us an opportunity to keep making progress while everyone else gets distracted.