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Coinbase CEO Rejects Saylor’s Bitcoin Gamble: Armstrong Opts Out of Corporate Treasury Bet
Coinbase CEO Rejects Saylor’s Bitcoin Gamble: Armstrong Opts Out of Corporate Treasury Bet
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Brian Armstrong just swerved Wall Street’s latest crypto craze—loading corporate balance sheets with Bitcoin. While MicroStrategy’s Michael Saylor doubles down on his billion-dollar BTC bet, the Coinbase chief cites ’different risk appetite’ in passing on the trend.
Key divergence: Coinbase’s exchange model thrives on volatility, while Saylor’s software firm treats Bitcoin like a digital Fort Knox. Armstrong’s move signals a calculated play—why hoard the asset when you can profit from everyone else trading it?
Cynical take: Another finance bro learns that ’number go up’ theology works better when you’re not the one holding the bags.
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