Coinbase Global Inc.
(NASDAQ:COIN) CEO Brian Armstrong said on Sunday that Bitcoin's (CRYPTO: BTC) long-term price performance is primarily a measure of how much people "fear" inflation.
'Structural' Problems With Bitcoin Armstrong responded to venture capitalist Chamath Palihapitiya's take on the "structural" headwinds impacting Bitcoin.
Palihapitiya argued that "marginal liquidity" is now chasing prediction and equity markets over cryptocurrency.
This argument has gained some traction lately, as Bitcoin’s decline has coincided with sharp rallies in AI, semiconductor, and space stocks.
