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.

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 moved ahead to dismiss the lawsuit launched by Justin Sun-linked Bit Global regarding the delisting of Wrapped Bitcoin (wBTC). Back in November 2024, the United States’ biggest crypto exchange first announced that it was removing wBTC,

Brian Armstrong predicts Bitcoin could hit multi-million dollar prices, fueled by ETFs, institutional growth, and US initiatives.

At the World Economic Forum in Davos, industry leaders debated Bitcoin’s role as a reserve asset, the memecoin frenzy and crypto’s future amid Trump’s return to the Oval Office.

Furthermore, instead of issuing these loans on a blockchain even remotely related to Bitcoin (such as Bitcoin sidechains or Bitcoin L2s), Coinbase is issuing them through Morpho Labs, a DeFi platform best described as an AAVE competitor. While Morpho is a well-established platform—and I don’t doubt its security—it has no connection to Bitcoin.

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.

Speaking at the World Economic Forum in Davos 2025, Coinbase (NASDAQ:COIN) CEO Brian Armstrong placed Bitcoin (CRYPTO: BTC) on a higher pedestal than gold as a store of value for governments. What Happened: In an interview with CNBC,

Brian Armstrong, the CEO of Coinbase, said on Jan. 21st that President Donald Trump is eager to make the United States the first country to have a Bitcoin strategic reserve, beating Russia and China to it.

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.

As billions of dollars flow into bitcoin, financial companies need low-risk bitcoin custody solutions. Multi-institution custody is emerging to meet this need.