Coinbase CEO on Crypto Surge, Bitcoin Futures, IRS

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Coinbase CEO Brian Armstrong discusses the rise in cryptocurrencies, bitcoin futures, customer service glitches and working with the IRS on tax issues. He speaks on “Bloomberg Technology.”

 

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54 thoughts on “Coinbase CEO on Crypto Surge, Bitcoin Futures, IRS

    1. just because there is overwhelming demand for bitcoin, that doesn’t mean his company or there service is good. they are shitty exchange currently engaged in trying to turn crypto into a centralized paypal 2.0. just go read all his moronic tweets. he consistently shows himself to not understand crypto, and he is always on the wrong side of every issue facing the bitcoin community. he is an idiot.

    2. Ricardo Martinez…. Your argument makes sense, I’m interested to know an alternative? Also, Would you use a hardware wallet like Trezor?

    1. No, it wasn’t just the profile picture. It was your inane opinion that the freest first world country in the world is in some sort of “disaster”. Well, with a little hard work I was able to move from lower class to upper-middle class, which is what the “American Dream” and “Land of the free” represent. I can profile you because I was a kid before too, and I know that most kids want to cling on to a cause so they can claim to be part of a team. Some don’t grow out of this. I hope for your sake that some day you do.

  1. I would say a better analogy would be bitcoin is like .com, and all the other currencies are like .net, info, .whatever.

    1. stop with your hype and speculation. no one knows what it’s going to be in 6 months even. if you knew it would go from $10 to $300 I bet you would be retired by now.

  2. How do you tax something the Government hasn’t admitted is tangible? And……how does the Government tax on profits that occurred outside the US?

    1. You tax it the same way you tax any other asset. 25% tax of your profits whenever you convert it back into USD. If you’re a US citizen you are still required to pay taxes on transactions outside the US. If you don’t there are possible criminal penalties.

  3. CoinBase is going to die in the end. Its fleecing customers with high changes and they will leave in floods one day. Cut the charges and build loyalty before its too late.

    1. The only thing I had a problem with is bitcoin fees. Ethereum and Litecoin fees I was okay with. I believe Bitcoin is so high because of the network.

  4. LISTEN TO THE BLOOMBERG ZIONIST NEWS MAKING SURE THAT THEIR COLLABORATORS AT THE FEDERAL RESERVE KEEP SKIMMING PROFITS FROM THE IRS. BEFORE THE IRS AND THE FEDERAL RESERVE, THERE WAS LITTLE TO NO FEDERAL INCOME TAX, AND NOW THE MIDDLE CLASSES ARE GETTING IT UP THE YAHOO FROM THESE SCHEISTERS. WAKE UP, PEOPLE. THESE ZIONIST MONSTERS ARE USING YOU (THE AMERICAN CITIZEN) LIKE A PIGGY BANK FOR THEIR GREATER ISRAEL PROJECT.

  5. It saddens me to read the endless stream of comments about ‘BTC is better than, ETH is better than…’.
    I believe every cryptocurrency has their strengths and weaknesses. This isn’t about which one is better. This is about unveiling the current system of economics, finance and corruptness.

  6. So.. The IRS is repaying people for capital losses due to the inflation robbed from their purchasing power by the FED counterfeiting the shitty alt coin known as the US dollar faster than increases in productivity and demand for it?

    1. momentinpassing boohoo 1.5% inflation a year. Deal with it. Nobody requires you to keep your net worth in cash it’s actually discouraged.

    2. momentinpassing The USD was still on the gold standard before 1933 so that’s complete bullshit. Using the average inflation rate for an almost hundred years period also shows your lack of understanding. Inflation recently has hardly moved above 2%. Not to mention anybody with an elementary understanding of personal finance can beat inflation. Just buying CDs from a bank will literally negate inflation. “Grown ups” don’t keep the bulk of their net worth in cash.

    3. Again, your facts are wrong. Your motives are trash. You’ve avoided the theft of productivity gains for a second time. You give no value. So I’ll leave you to your willful ignorance.

    4. momentinpassing You don’t even know what productivity gains are. I’ll give you a hint, they don’t triple inflation. None of the facts I posted are incorrect. Your YouTube degree isn’t worth anything in the real world.

  7. so many negative comments about coinbase makes me nervous to invest, him looking like lex Luther doesn’t make my decision any easier 🤔

    1. Coinbase is a great place to start, not to mention they actually have a physical address is San Francisco. If they rip you off, you know where to throw the Molotov Cocktail HAHA!

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