Coinbase CEO Brian Armstrong Issue Serious Warning As Bitcoin Surges Toward $25K

[sneakyboi]

Coinbase CEO Brian Armstrong Issues Serious Warning As Bitcoin Surges Toward $25,000

Bitcoin has surged higher again, soaring to fresh new all-time highs of over $24,000 per bitcoin after beginning the week at under $19,000.

The bitcoin price, up a staggering 30% this week alone, climbed to $24,220 on the Luxembourg-based Bitstamp bitcoin and cryptocurrency exchange before falling back slightly.

However, amid this week's huge bitcoin and cryptocurrency Santa rally—which has added over $100 billion to the value of the world's digital tokens—Coinbase chief executive Brian Armstrong has warned over the "risk" of bitcoin and cryptocurrency investing.

"While it’s great to see market rallies and see news organizations turn attention to this emerging asset class in a new way, we cannot emphasize enough how important it is to understand that investing in crypto is not without risk," Armstrong wrote in a blog post this week—published just before the San Francisco-based company revealed it has filed confidentially for a long-awaited initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC).

"Crypto can be a volatile asset class," Armstrong added. "Often more so than the types of traditional financial instruments that most investors are used to. For example, this means that the market can move in either direction much faster than equity markets."

Learn more about the statement here.

What do you think about this warning? What are your thoughts in this article? Feel free to express your thoughts. Thank you.

[TomPluz]

Brian made a good call in putting up a warning to the people especially those of thinking entering Bitcoin at this level. We could never expect Bitcoin to go on jumping like this...eventually it will be settling down and usually at a lower level. Well, this is based on history let's see if this time the same thing can happen again with Bitcoin. While the cryptocurrency market has been feeling the extreme excitement of this great jump we have to remember that there are really many risks here for first time investors, so we should never be carried by hypes.