Coinbase CEO Provides Insider Insight: “They Bought the Dips” As Bitcoin’s drop to $60,000 reignited price debates, Coinbase CEO Brian Armstrong noted that customers bought during the downturn. Armstrong revealed that retail investors increased their holdings in both Bitcoin and #Ether. At Coinbase, America’s largest cryptocurrency exchange, CEO Brian Armstrong said retail investors demonstrated “strong resolve” during recent price declines and bought at the bottom. “There’s an increase in the number of Bitcoin and Ether units” The CEO stated that retail investors held firm during the downturn and treated it as an opportunity to buy: “The group of retail investors on Coinbase has shown truly strong resolve under these market conditions. According to our data, they bought at the bottom. We’re seeing increases in the number of Bitcoin and Ether units. By not selling, they’ve demonstrated strong conviction. The number of units held as of February is equal to or higher than it was in December…” In other words, although dollar-denominated balances may have declined, Armstrong points out that the actual quantities of #BTC and #ETH have risen—indicating that investors bought the dip. But he sold! While Armstrong praised retail investors for buying the dip, it’s clear he himself made significant sales in recent months. Although not involving Bitcoin or Ether, Armstrong—while serving as CEO—sold $550 million worth of Coinbase stock over the past nine months, revealing he did not maintain a strong stance as prices declined. Shares that surpassed $400 last year and set records closed Friday at $164. U.S. markets will be closed today. Armstrong’s net worth is estimated at $7.5 billion.