Coinbase CEO: The business of crypto has 'never been stronger'

Bitcoin prices finally started to come alive as traders grew more comfortable with the digital asset as a possible safe-haven trade amid the fresh war.

Published on Mar. 4, 2026

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Coinbase co-founder and CEO Brian Armstrong said the foundations for crypto have never been stronger, despite a rough start to the year for the crypto industry. Bitcoin prices were up 6% to $71,364, as traders grew more comfortable with the digital asset as a possible safe-haven trade amid the US-Israeli attacks on Iran and a stalled Clarity Act in Congress. However, Bitcoin has declined approximately 18% year to date, with pros attributing February's losses to seasonal weakness.

Why it matters

The crypto industry has faced significant volatility in recent months, with Bitcoin experiencing one of its worst months in recent history in February. However, Coinbase's CEO remains bullish on the long-term prospects of the crypto market, highlighting the continued institutional shift and the use of stablecoins like USDC for payment settlements.

The details

Coinbase co-founder and CEO Brian Armstrong said the foundations for crypto have never been stronger, despite a rough start to the year for the crypto industry. Bitcoin prices were up 6% to $71,364, as traders grew more comfortable with the digital asset as a possible safe-haven trade amid the US-Israeli attacks on Iran and a stalled Clarity Act in Congress. However, Bitcoin has declined approximately 18% year to date, with pros attributing February's losses to seasonal weakness. Meanwhile, the clock is ticking for the Clarity Act to be passed in Washington, which could provide more regulatory clarity for the crypto industry.

  • Bitcoin prices were up 6% to $71,364, as of the time of this writing.
  • Bitcoin has declined approximately 18% year to date.

The players

Brian Armstrong

Coinbase co-founder and CEO who said the foundations for crypto have never been stronger.

John D'Agostino

Coinbase's head of strategy who argued that these periods of "mean reversion" for bitcoin or so-called corrections are a "very natural" part of a scarce asset's life cycle.

Patrick Witt

Executive director of the President's Council of Advisors for Digital Assets who urged that "Let's not let any moss grow here" regarding the passage of the Clarity Act in Washington.

Michael Saylor

Strategy's (MSTR) long-term holder who remains unshaken by the recent crypto market volatility.

Anthony Scaramucci

Skybridge Capital's long-term holder who remains unshaken by the recent crypto market volatility.

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What they’re saying

“The foundations for crypto have never been stronger.”

— Brian Armstrong, Coinbase co-founder and CEO (X)

“These periods of "mean reversion" for bitcoin or so-called corrections are a "very natural" part of a scarce asset's life cycle.”

— John D'Agostino, Coinbase's head of strategy (Yahoo Finance)

“Let's not let any moss grow here.”

— Patrick Witt, Executive director of the President's Council of Advisors for Digital Assets (Yahoo Finance's Opening Bid)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.