Bitcoin's (CRYPTO: BTC) sharp decline over the past month has reignited concerns about the broader cryptocurrency market. However, Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong says investors are still underestimating how much the industry has evolved beyond its largest token.
Bitcoin Price Decline Sparks Broader Crypto Debate
On Friday, Armstrong pushed back against the idea that weakness in Bitcoin automatically means weakness across digital assets, arguing that many corners of the crypto ecosystem continue to expand despite the recent sell-off.
"People still think (or feel) because Bitcoin is down crypto is down," Armstrong said in a post on X, adding, "Crypto touches every area of finance, and is much broader than Bitcoin now. It will take some time for this to sink in."
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