1225 ET - Coinbase CEO Brian Armstrong says the drop in bitcoin prices is more psychologically-driven than anything else, writing off "Monday morning quarterback-type theories" about Kevin Warsh's appointment as Federal Reserve chair or the threat of quantum computing to blockchain technologies. "People say, 'I don't think there's any substantive issue, but I think other people do,' and they'll want to lock in gains and move it up and down," he says in a CNBC interview at the World Liberty Forum in Mar-a-Lago. He adds that the down market is probably transitory, saying that Coinbase has been repurchasing shares and buying more bitcoins while prices are low. "Crypto, sometimes it's up, sometimes it's down," he says. "Bitcoin is still the best-performing asset of the last decade. We try not to take a short-term point of view on that."(elias.schisgall@wsj.com)
(END) Dow Jones Newswires
February 18, 2026 12:25 ET (17:25 GMT)
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