It’s probably no small surprise that Coinbase (COIN) co-founder and CEO Brian Armstrong is good at crypto.
But against this backdrop of heightened market volatility amid US-Israeli attacks on Iran and stalled clarification legislation in Congress, crypto loyalists are surely appreciating his latest push.
“Crypto fundamentals have never been stronger,” Armstrong said on X on Wednesday, in response to a recent interview with Coinbase’s head of strategy, John DeGustino. (Disclosure: Yahoo Finance is partnered with Coinbase.)
Bitcoin (BTC-USD) prices finally started to revive today as traders became more comfortable with the digital asset as a potential safe haven trade amid the latest war. As of this writing, Bitcoin prices are up 6% to $71,364.
That said, it was a rough start to the year for the crypto industry.
Bitcoin is down nearly 18% year-to-date, as the cryptocurrency has experienced significant volatility throughout February, with a 15% decline. The performance marked one of its worst months in recent history.
Experts attributed February’s losses to seasonal weakness, with consecutive months in the red from October 2025 to the first quarter of 2026 creating a bearish move.
Read more: Is Bitcoin Price Volatility an Investment Opportunity? Here’s how to buy bitcoins.
Meanwhile, the clock is ticking in Washington to pass the Clarification Act.
“Let’s not grow any mass here,” said Patrick Waite, executive director of the President’s Council of Advisors on Digital Assets.
Still, Coinbase’s D’Agostino argued, this period is a “very natural” part of the life cycle of the scarce asset for bitcoin, or the so-called “recovery” period.
And something interesting is happening below the surface: ETF money remains mostly in crypto, Wall Street is still interested in crypto, and long-term keepers like Strategy ( MSTR )’s Michael Seiler and Skybridge Capital’s Anthony Scaramucci remain.
Crypto bears may need to rest.
Administrative change also continues. D’Agostino noted that traditional financial firms such as Mastercard ( MA ) and Visa ( V ) are now using the USDC (USDC-USD) stablecoin to speed up payment settlements, introducing the concept of “end of settlement.”
