Bitcoin and Ethereum Price Collapse: Coinbase CEO Issues Stark Crypto Market Prediction | Crypto

Bitcoin and Ethereum Price Collapse: Coinbase CEO Issues Stark Crypto Market Prediction

– The bitcoin price has lost over 10% while the ethereum price is faring even worsepartly due to investors betting some smaller cryptocurrencies could supplant ethereum.
– Now, as crypto traders scramble to get ahead of a looming “hundred-pound gorilla,” the chief executive of major crypto exchange Coinbase COIN has warned “anything could happen” as the company grapples with a $2 trillion crypto winter and an economic slowdown.
– Coinbase CEO Brian Armstrong has warned the crypto market is battling economic headwinds amid a huge bitcoin price crash.
– Armstrong, who founded Coinbase in 2012, remains upbeat, arguing the company has weathered similar crypto price downturns in the past.
– Other bitcoin and crypto market watchers are though finding it hard to remain optimistic, with one analyst pointing to a sentiment slump.

 

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