Coinbase CEO Brian Armstrong spoke to CNBC's Arjun Kharpal about how the company is preparing for a court battle with the U.S. Securities and Exchange Commission and his outlook on the crypto markets.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
very true, I started investing before the pandemic and that same year I pulled a profit of about $600k with no prior investing experience, basically all I was doing was seeking guidance to make a from a financial-advisorr, you can be passively involved with the aid of a professional.
The adviser I'm in touch with is *Jude Ryan Mcdonough* He works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me his strategy works hence my result. He provides entry and exit point for the securities I focus on.
According to Bipan Rai, North America director of FX strategy at CIBC Capital Markets, "there is growing concern that incoming data is showing that the Fed may be slightly behind the curve than perhaps they expected heading into this year." More red than green is seen in my portfolio. How are other people in this making huge sums of more than $350K in this dowturn?
Sincerely, unless you're shrewd yourself, it would be wise to seek advice straight away. We are in a severe recession, and everyone is running out of money, I can tell you as a business owner in both the service sector and as an eBay reseller of all product categories.
@@zoeytank2921 I agree, that's the more reason I prefer my day to day invt decisions being guided by a init-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a init-coach for over 2years+ and I've netted huge.
@@graceocean8323 we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
My Financial Advisor is MARIA JULIANA RAMIREZ. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.
@@graceocean8323 She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.
Regulation is existing already, they have been breaking the law. Not the SEC fault that crypto scammers keep ignoring them, then pretending as if they didn't know.
The US government is shooting themselves on the foot by the lack of regulation and clarity. We need this market to be properly regulated with a clear rule book composed by people that properly understand these technologies.
The crypto space is shooting itself in the foot by the lack of fraud and adherence to securities regulation and financial controls. We need this market to be properly regulated with the clear rule book composed by people that properly understand securities laws and AML/KYC controls.
@@joewest3901 lol...fiat currency is where the vast majority of fraud happens. Plus the USD is being debased by the government. In case you weren't aware, the USD has lost 95% in value since the US went off the gold standard in 1933.
This banking collapse might end up being a part of us for a very long time. With inflation currently at about 15%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
Indeed, you should hire an invstment adviser to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows, rather than gambling on penny stocks.
bravo! How does one locate such an astounding investment Advisor? I'm semi-retired and would undoubtedly want first-class management on a much larger portfolio since i want to leave my personal estate for my kids & grand-babies; I don't want to take chances given the volatility of market movement, so could you please refer me to yours?
Everyone's preaching doom, without any key data-trajectory on how to maneuver, it's obvious stocks are unstable but folks are still pulling off huge 6 figure profits from this same market y'all are warning us about, videos on such strategies to maneuver will really be helpful, thank you.
Investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor
@@jonathanburtnick Couldn’t agree more! I've been in constant touch with a fiinancial-analyst since covid . These days, it's really easy to buy into trending stock's, but the task is determining when to buy or sell. My advisorr decides entry and exit commands on my portfoliio, I've accrued over $550k from an initially stagnant reserve of $150K
it seems that the SEC is being controlled by different interests, this is why they are always in discovery mode and nothing is ever clear when it comes to them. Gary needs to go and that organizations needs an overhaul or it will keep hurting investors and companies that want to do business in the US.
what we need is a "crypto ministry", no kidding, a guy with proper knowledge about the stuff, with a vision for the potential of crypto, which are humongous, whole nations could be saved
The stock market's bonds motivated me to start investing. What counts, in my opinion, is that you will be able to live off of dividends without selling if you invest and make more money in addition to payouts. It suggests that you can give your children that advantage, giving them a head start in life. I've invested more than $600k throughout the years in dividend stocks; I'm still buying more today and will keep doing so until the price drops even further.
It's always inspiring to hear from a veteran investor who has weathered the storm and come out on top. When your portfolio turns from green to red, it might be unsettling, but if you have invested in great companies, you should just keep adding to them and stick with your plan.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
@@maiadazz There are many financial coaches who excel in their profession, but for the time being, I employ Laurel Dell Sroufe because I adore her methods. You can make research and find out more.
@@tatianastarcic I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look her up and send her a message. You've truly motivated me. God's blessings on you
Blimey - a coherent presenter asking good questions, and getting detailed, expansive answers! UK welcomes Coinbase in particular and crypto in general. Regardless of US pressure and politics.
Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I've been in touch with a financial analyst ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
It's not different than any other investment. You put in DOLLARS, and get DOLLARS out. Why would anyone rush their money? Because the people bragging about it, are in on it. Try pulling money out of it, that's always a problem. Get out of our faces. Until you crooks are regulated, you're nothing more than an idea.
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you…prevent inflation
One strategy for protecting against a recession is to buy equities. Investors, especially during a recession, need to know where and how to put money in order to make money while avoiding inflation.
Valid comments considering that the SEC has been regulating in bad faith. Especially in this case where coinbase has repeatedly asked the SEC to clarify what needs to be changed.
Brian’s been such a great ambassador for this space. Coinbase has been a model market participant, leading the the sector in many innovations. Gary Gensler has to go..The SEC needs an overhaul.
Lmao, stfu… Ambassador? Where was this support for XRP holders and Ripple when the SEC targeted them? Blind Freddy knew at the time of XRP being targeted and Ripple sued that this was a crypto issue and NOT because the SEC truly believed XRP was a security. The XRP community since day dot warned everyone of this and everyone was ridiculing Ripple and XRP holders. Why is it also that Dash and Algorand all risk being labeled as securities STILL on the exchange and XRP delisted off Coinbase? Coinbase should have stood by Ripple and XRP since day 1 and Brian Armstrong deserves what he gets just as XRP is on the verge of gaining clarity. Brian Armstrong is no victim in this. Absolutely gutless delisting XRP and acting like Ripple were rogue criminals.
Eu me considero bem-sucedido em negociar com a ajuda do meu corretor, que gerencia minha conta de negociação e me dá lucros incríveis. Suas estratégias são excelentes, juntamente com a pequena comissão que ela cobra em seu comércio. Posso dizer inequivocamente que a negociação de criptomoedas ou forex é um dos negócios mais lucrativos e lucrativos para todos os investidores com o especialista certo.
@@miguelantonioviega Você está certo ... na maioria das vezes, ter conhecimento ou percepção sobre uma atividade específica também pode ser um exercício agradável.
Success depends on the actions or steps you take to achieve it. Show me a man with no investment and I'll tell you how long it takes to fail. The investment creates a safe haven for the future. With the right choice of investment that has at least a minimum risk of 2% and with expert advice, profits and interest are 100% guaranteed.
I'm glad I got into trading when I did because it was a turning point for me financially it was my best decision ever. All thanks to Mrs Shana Heckel her set skills are amazing.,
Amazing to see another who trades with Ms.Shana Heckel, I am currently on my fifth trade with her and my portfolio has grown tremendously. Your weekly signals are highly profitable,,,
I invest with Mrs Shana Heckel too, her charges a 20% commission on profit made after every trading session which is fair compare to the effort she puts in to make huge profits.
As a first time investor I started trading with, Mrs Shana Heckel, I personally appreciate her straight and simple approach towards educating traders. My portfolio has grown more within just weeks of trading with her.
The correlation between Bitcoin's price rally and the latest inflation data, along with banking sector instability, is quite fascinating. It's interesting to see how the growing appeal of cryptocurrencies like Bitcoin, as an alternative asset during times of eroding confidence in traditional banking, has attracted retail investors. The permissions and autonomous nature of cryptocurrencies offers a sense of safety and value in the ever-evolving world of finance. This context further highlights the significance of Dr Benjamin mason’s excellent trading signal/strategy, which has enabled me to amass 32 btc in just three weeks. In the field of cryptocurrency trading, Mason has proven to be a true visionary.
Many mediocre who don't know anything about bitcoin trading parading themselves as expert traders but right from my first conversation with Mr Benjamin mason , I knew he was an excellent trader.
It is not that great here in the UK. My bank Nat West would not let me put money onto Coinbase. Kept giving me a message that I was over my limit (which I wasn't). They have stopped the amount of money going to crypto exchanges from £30,000 per month down to £5,000. In the end I had to use Barclays Bank, whereupon I was immediately phoned and told by their customer services that crypto was a scam and I should not invest in it. I told them I knew what I was doing, and finally after 20 minutes they let me spend my own money.
7:20 is the most important part of this video. Great questions all around, each one in its' own respect. But damn Brian, great points made. Much love and respect
You work for 40 years to have $1M in your retirement, meanwhile some people are putting just $10K in a meme coin from just few months ago and now they are multimillionaires.....
The head of the SEC and the staff within has never owned digital assets, yet they are in charge of regulating something they don't use let alone barely understand. What a clown show of an operation. 2023 no progress.
That's true, Its really needful for beginners not to settle for videos alone or they will see themselves losing all their money just like me when I newly started trading with this videos here on RU-vid
down from its all time high has had the market and everyone in a panic in the past week. However, not everyone has seen it as a bad omen. The digital asset's price had gone down below
Most times it amazes me greatly the way I move from an average lifestyle to earning over 70k per month, utter shock is the word, I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus
Anyways not actually, what I know about trading almost borders on zilch lol. I make huge profits no my investment since I started trading with Mr James.
I began investing at the age of 33, primarily utilizing my hard work and dedication. Now at the age of 38, I am delighted to share that my passive income exceeded $100k for the first time in a single month. This advice is truly valuable, so don't hesitate to take action. Remember, it's not about achieving wealth quickly, but rather about building wealth consistently and persistently.
This is superb! information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor ?
I understand the uncertainty of tomorrow, and I agree that starting to invest today can be challenging, especially without a clear understanding of where and how to invest. Since I've personally tried navigated the path to passive income, I'd be delighted if you can offer me some guidance based on your experiences that help you embarking on your own journey towards financial security.
I never expected it, but after closely monitoring my portfolio's performance, I was astounded to see it generate a staggering $473k in just the past two quarters. This eye-opening experience has given me insight into why experienced traders can achieve remarkable returns even in lesser-known markets. Taking this leap was undoubtedly the boldest decision I have made recently.
The Adviser I'm in touch with is *'Nolan Velden Brent'* , He works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works hence my result. He provides entry and exit point for the securities I focus on.
Armstrong makes salient arguments. I note that contradictory statements between SEC/CFTC (ie what is/is not a security) respects enforcement power & politics, not definitions, which further bolsters Armstrong's case (regulators abdicating duty)
BTC is first to the table and has remained at the top this far and crypto markets depend on BTC to rise. BTC is similar to gold but digital. Doesn't mean I rule out buying gold vs. a stock, bond, or Treasury. All things carry risk. If Satoshis wallet ever dumped on the market then it's game over at least for a long while.I hope XRP wins the lawsuit and paves the way for clarity for this space. I don't really choose sides but hedge with many other plays. Can't really compare BTC to XRP as the use cases are different now. I hope they coexist and strengthen the crypto space. I wasn't swayed to believe BTC is inferior. I have always played safe in the market from following the signals and approach of Ryan Kelly.
In order to make profits from trading you need loads of experience and a well defined strategy, which most traders don't have. If you trade without the proper preparation, you're most likely to lose your money. Identify the buy/sell ratios and identify the market leaders and most importantly. Diversify! this will help you spread risk.
Kelly Ryan gave me a basic understanding of the benefit of trading over hodling especially in a speculative market. He then provided me with his daily trading patterns, I was able to make a massive profit within a month.
super weird he didn't mention that bitcoin halving drives price cycles more than anything else, that's pretty much common knowledge among those who understand the 4 year cycles, and historically has been the largest driver by magnitudes.
Regulation is good and necessary to attract the kind of institutional investment/adoption that will bring crypto in to the mainstream. Let’s just get it done quickly
@@ogChaaka then who is going to actually use the blockchains that you’re investing in? If nobody is using it, and the coins are just being traded speculatively, what is their value? It needs institutional adoption; banks, governments, education, business, etc and that won’t happen fully until there is regulatory clarity.
Operating costs cuts means an even much worse customer service? Coinbase already has by far the most terrible customer support and now it will even get worse. Way to go Mr. Bad Armstrong customer service.
*The Fed will acknowledge that they were late to the game, that inflation has been more persistent than they were expecting. So they probably should have tightened sooner, Some analysts believe that the larger banks are resilient and are more worried about the smaller and mid-sized banks. Well, I'm still at a crossroads deciding if to liquidate my $138k stock portfolio, what’s the best way to take advantage of this bear market?*
Congratulations dear, You’re really doing well for yourself, I’m 45 and my financiaI Iife is in a mess. Any great tips would really go a long way in shaping my life. I want to buy my own house, that’s really a big flex........
Wow! You’re really doing great for yourself. lnvesting in stocks and cryptocurrencies also contributed in changing my story. I wish you all the best and I’m glad you’re having a great journey so far. God bless you...
Please can you drop the info of your investment advisor here? please can you leave the info of your investment advisor here? I will need his management on my much larger portfolio.
*brendan warner marsh* is the coach that guides me. he’s a verified coach and he helped me see that returns can be made in both bull and bear markets. he covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that. You can search for Google about him with his name.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make.
I've been in touch with a financial analyst ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
This is useful information; I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
First is understanding the financial market and how it works then you need to know how to study the market charts. Thanks to Linda Homa for showing me the appropriate way to get into bitcoin investing and trading with his trade signal and investing guidelines. Investing and trading are more than just having TA skills. There is a big component of discipline and emotional maturity, that one has to work on! Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path with Mr Jesse Lambert
i am very confident trading with Mr Jesse Lambert strategy because of the steady income he makes for me. He has never faltered. I never thought i would grow such profit over a short time
Brian is right about the UK government wanting to be a big player in crypto, but they need to bring the people who make the rule book here, to their viewpoint - the financial ombudsman and the FCA who are in their own way acting more like the SEC and pushing crypto offshore to protect traditional finance. Many UK banks prevent us from buying crypto directly unless it’s with Coinbase.
I've been skeptical of Coinbase for a long time as I see them as too compliant with the US gooberment. That said, good on Brian, we need more piss and vinegar in our CEO's, particularly if they're on of a crypto wallet/exchange.
Armstrong unloaded a bunch of shares right before the SEC investigation, and he kept selling even during the investigation. Hate to say it, but it's tough to trust a CEO who's selling his shares when his own company is in trouble.
After the Hinman emails, the SEC lacks subject matter jurisdiction over any of the coins being sold on Coinbase and Binance. That is the primary defense of all the exchanges. The only time they have jurisdiction is if the token passes the Howe Test and acts like a security such as a stock or bond. Since these tokens are decentralized and thier values fluctuate with no promise of gain in the future these tokens do not pass as securities. These are mediums of exchange and should be nontaxable as currencies. The burden of proof is on the SEC.
I'm going to look to the English bulldog and pray that he was right when he told us that you can always trust in the Americans that they will do the right thing. After trying everything else. Fire Gensler!
Armstrong is ambiguous with his comments and he needs to talk straight, 30 meetings with the SEC and he says Coinbase has no idea what they were thinking?
The SEC is rediculous. How are you going to go after someone when you yourself down have clear definitions in place. Instead of working with this new space all the SEC wants to do is sue.
cryptocurrency has been gaining more mainstrean acceptance and adoption over the past year, especially since the petrodollar snub by the brick nations.however i always recommend conducting proper reasearch in choosing a financial advisor who can assist with good investment decissions, tailored to your specific needs and tolerance. i shared the same problem until i found a reputable licenced broker with a strong track record of success and experience.
@@kristydavis1897 I found caitlyn Potter on a CNBC market interview, so I looked her up and we begun our awesome partnership,she is one of the reputable few professionals around
Makes you wonder who really pulls Gensler's strings. This amount of criticism and pressure would have turned most people's careers to toast, but not Gensler...
Thats where its going, focusing solely on one nation is only holding them back. Besides why should they focus their whole vision there when regulators are literally driving users out of town. Am sure many others including myself have already made flight to other exchanges like Bitget or even Kucoin. Offshores will be where everyones going.
Many users have faced withdrawal issues due to Coinbase's liquidity problems though. As a result, their user base is gradually dwindling, leading to their impending loss.
Wealth is created by proper investment, I've been an investor and I can tell it changed my life for better, from what I've witnessed it all comes down having a good financial expert handle your investment. I've been trading with Mrs mabel for a year now.
single parent and i pay the bills comfortably since i met yen mabel she's absolutely amazing and I'd recommend her for any novice also trade with Mrs. yen mabel, and i must say she makes money making seem a whole lot easier right now I'm a e in crypto.
As a first time investor I started trading with her with just a thousand bucks. my portfolio is worth much more than that now within just weeks of trading with her. Her trade signals and strategies are extremely accurate.
you should look at their listin history. they are very in to eth imo...therefor manipulate the market...good to see them now suffering for such manipulation throu head count reduction while the sec is going after crypto. coin-bs thought the sec was their frind lol
@@williamwallace6508 Comparable to coinbase - bitstamp, kraken and binance, for DEX I use sologenic. But there isnt anything coinbase is doing that other exchanges cant do TBH, they are all pretty mich the same. Personally, I am a software developer and I integrate in to exchange APIs. But I should add, I dont use coinbase - reason being it took them a long time to list XRP, as I was building out my solutions. However I see it as their loss not mine, as exchanges earn comission to trades, basically they lost out on said comission hence why the reduce headcount. Also, specifically for coinbase, whenever there is a cryto bull/bear run, coinbase's systems go offline, so sometimes it better to use smalled exchanges as they have less traffic, but the market price is pretty much the same
Coinbase deserve serious regulation, they added so many small cap tokens way too quickly, many of which have since gone to 0, they knew what they were doing, focused on revenue instead of following rules, time to reap the rewards
exactly, and suspended trading of xrp...which to them too long to list it in the first instance imo. this to me shows market manipulation, hence why i would never use coinbase (im in the uk), cant trust them
