Bitcoin and Regulation Statements from Coinbase CEO Brian Armstrong

Brian Armstrong, CEO of Coinbase, one of the largest stock exchanges in the USA and the world, was the guest of the Squawk Box Asia program on CNBC.

Touching on many topics from the Bitcoin price to regulatory developments and the Clarity Act, from tokenization to artificial intelligence and agent economy, Armstrong stated that he thought the bottom of the Bitcoin decline was behind us.

“I think the bottom has been seen in Bitcoin”

Giving a clear answer to the question about the Bitcoin price and when the increases may occur, the famous CEO used the following statements:

"I think Bitcoin has formed the bottom level in the current cycle. The price will enter a significant upward trend again in the next 1-2 years. As I said before, the length of the decline period was actually related to the delay in clarity in regulations in the USA. We have come to the end of this period."

“Even if Clarity doesn't pass…”

Referring to the Clarity law, which has been widely discussed in the USA lately, Armstrong claimed that the negotiations in Congress are now approaching the final stage, but even if the law is not passed, the regulations will continue quickly:

"If the law is passed, we will finally have a law. If not, the SEC and CFTC have already completed their preparations to put forward the rules. Whatever the outcome, the vote on September 15 will eliminate the uncertainty. In fact, everything is ready, the only obstacle is whether ethical clauses will be added or not... Other than that, the law is completely ready..."

“Coinbase is preparing for tokenized shares”