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Needham & Co.
Coinbase CEO: USDC Could Become a ‘De Facto Central Bank Digital Currency’
Coinbase CEO Brian Armstrong predicts that USDC will likely "end up being kind of a de facto central bank digital currency in the U.S.," he said on the crypto exchange's earnings call. Needham & Co. Vice President John Todaro weighs in.
Coinbase Expects Crypto Headwinds to Continue Next Year
Crypto exchange Coinbase (COIN) cut its third-quarter losses by 50% to $545 million from $1.1 billion in the second quarter, the company reported Thursday. Needham & Co. Vice President John Todaro discusses the lingering macroeconomic and crypto headwinds. Plus, insights on Coinbase CEO Brian Armstrong’s USDC outlook.
Is There a Bullish Breakout Ahead for Bitcoin?
Needham & Co. Vice President John Todaro discusses his positive assessment of the crypto markets despite continuing to see red over the past week. “We’re still in a bullish macro set up here for bitcoin and cryptocurrencies more broadly,” Todaro said. “We do have around $100K bitcoin [price target] in Q1 2022.”
