cryptopolitan.com
Whether symbolic or strategic, Armstrong’s consistent Bitcoin purchases reflect a growing trend among crypto leaders and institutional investors who see BTC as a hedge against inflation, currency volatility, and systemic risk.
Brian Armstrong, CEO of Coinbase, has publicly declared that they buy Bitcoin weekly, reaffirming his bullish stance on the world’s largest cryptocurrency.
The announcement on X (formerly Twitter) came as Coinbase shares hit an all-time high of $375.07, surpassing its previous record from November 2021.
The comment suggests Armstrong and his company’s strong belief in Bitcoin as a long-term store of value. On multiple occasions, Armstrong has suggested that Bitcoin’s price could someday go into millions of dollars.
Armstrong also suggested it won’t be long before nations start putting Bitcoin on their balance sheets, a shift that could redefine global demand and establish the asset as a player in world politics. Some dismissed it as overly speculative, but others pointed out that countries like El Salvador and the Central African Republic have already moved in that direction.
Market confidence drives Coinbase to a new peak
Coinbase Global Inc. shares closed at the highest level ever, capping off a rally fueled by the growing acceptance of the cryptocurrency industry on Wall Street and Washington.
The crypto-exchange operator’s stock rose 5.5% on Thursday to $375.07. The previous high was $357.39 in November 2021, just months after the company went public through a direct listing.
Coinbase shares have surged more than 1,000% from a record low in late 2022, which came as the collapse of FTX raised questions about the future of digital assets. The stock’s comeback occurred as cryptocurrency prices rebounded and the industry won powerful new allies, including US President Donald Trump. Just last month, Coinbase was added to the prestigious S&P 500 Index.
This extraordinary revival comes after a dark period in the crypto industry. FTX and other heavyweights crashed in 2022, leading to the absurdly high skepticism rate about digital assets. Few of the largest exchanges were left unscathed, and Coinbase was one of the few that didn’t get whacked, leaving it as a safe player in a chaotic industry.
Now, renewed optimism is back. Institutional capital is moving in, retail traders are coming back, and financial giants like BlackRock and Fidelity are plowing ahead with crypto products. Coinbase recently joined the S&P 500 Index, a sign of increasing legitimacy in traditional finance.
Analysts say the wider recovery in Bitcoin and Ethereum prices and greater regulatory clarity are helping lift investors’ confidence in Coinbase. The exchange’s various revenue streams, including trading fees, custody services, and institutional partnerships, have also contributed to its stock performance.
US lawmakers boost crypto sentiment with policy shift
The return of Coinbase also coincides with growing regulatory clarity and political support of digital assets in the United States. Washington is warming to crypto after years of hostility and uncertainty.
Legislation on the horizon on stablecoins and clearer signals from the Securities and Exchange Commission (SEC) are also helping the sector lay down the law. Bipartisan backing in Congress has added fresh momentum to bills that could provide transparency and oversight, particularly in critical functions including custody, staking, and decentralized finance.
President Donald Trump has publicly supported crypto innovation, unlike previous administrations. Under his rule, there has been a huge policy expansion in the domain of crypto, such as creating a crypto reserve for the country.
Coinbase, a longtime advocate for reasonable regulation, has been one of the most vocal in communicating with legislative staff and regulatory agencies. And it is paying off.
Investors, analysts, and crypto enthusiasts these days see Coinbase as not just an exchange but also a bridge between the digital economy and the traditional financial system.