Coinbase made headlines not too long ago when it’s been revealed that the popular crypto exchange is working on launching its very own coin.
In a new interview on the Unchained podcast, Fortune senior reporter Jeff Roberts said that Coinbase is gearing up for a listing on the stock market and this is not surprising.
According to the latest reports, he’s more interested in the possibility that the firm may issue a token offering alongside an initial public offering (IPO).
CEO Brian Armstrong is warning newbies
Now, Coinbase CEO Brian Armstrong said that crypto is the next phase in the evolution of the global monetary system, but he also warns newbies.
He said that this is not a way to get rich fast.
He also said that there are a lot of people who are not comfortable with the US government’s policies in combating the economic fallout of the pandemic. This scenario will be a catalyst for Bitcoin and crypto’s case, according to the CEO of Coinbase.
What does this mean for cryptocurrency? I think people are increasingly looking for a monetary system they can trust during these times – and there are too many folks they don’t trust with their fingers on the dials in traditional fiat economies.
— Brian Armstrong (@brian_armstrong) July 16, 2020
Armstrong said that everyone should buy Bitcoin but people should learn the risks of investing in digital assets and traders should always proceed with caution.
Start there – don’t be rash, or try to get rich quick, there is still volatility. From there you can start a crypto startup, earn a living in crypto, begin to pay for food/rent in crypto, do remittance in crypto, etc to begin to fully participate.
— Brian Armstrong (@brian_armstrong) July 16, 2020
We recommend that you check out the complete thread that Armstrong posted onTwitter.