Coinbase's Brian Armstrong predicted that Bitcoin could reach multiple million dollars in price over time. He also acknowledged that more institutions are adopting Bitcoin, which could raise its price to millions.

Coinbase CEO Brian Armstrong said that Bitcoin is a nice check and balance on deficit spending and high inflation. The executive spoke during the World Economic Forum in Davos highlighting the way forward for the crypto industry under Trump’s administration.

Coinbase is more than just a trading platform, and new products driven by the Base blockchain and stablecoins will drive a bright future.

Key Takeaways Coinbase users can now pledge their bitcoin as collateral to take out a loan worth $100,000 in USDC stablecoins after a new service was launched Thursday.These loans can be made via the Coinbase app but will be serviced by DeFi platform Morpho,

Donald Trump’s most recent cryptocurrency moves reveal a more substantial alignment with Ethereum rather than Bitcoin.

Coinbase director Conor Grogan says Bitcoin wallets left behind by Ross Ulbricht when he was imprisoned for his underground online marketplace Silk Road are still holding tens of millions of dollars worth of BTC.

Bitcoin’s march toward mainstream acceptance is well underway, and those paying attention stand to benefit the most.

On the other hand, Coinbase is less affected by Bitcoin price fluctuations. As long as trading volumes remain high, whether through sell or buy transaction, it will continue make money from the trading fees. This article first appeared on GuruFocus.

Coinbase, in partnership with Morpho Labs, has launched a Bitcoin-backed loan service, allowing U.S. users to borrow up to $100,000 in USD Coin (USDC) using their Bitcoin as collateral.

Coinbase's setup caps each borrow at $100,000 in USDC. To borrow that much money customers will need to post more than that amount of bitcoin. Morpho will start liquidating the collateral if the loan-to-value ratio flies too close to the sun.

President Donald Trump was once skeptical of digital assets, saying Bitcoin “seems like a scam” and that crypto’s value was “based on thin air.”