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The calendar has turned over to a new month and the stock market is up slightly with crypto assets climbing as well.
Over the weekend, Berkshire Hathaway CEO Warren Buffett poured cold water on the cryptocurrency market once again, saying he wouldn’t pay $25 for all of the Bitcoin in the world.
At Coinbase, over the weekend it was reported that the company has hired Durgesh Kaushik, formerly the head of Snap India, as senior director for market expansion.
Broadly, the cryptocurrency market has been very volatile so it’s no surprise to see the value of top cryptocurrencies and an exchange like Coinbase be volatile as well.
I think investors will see significant advancements for blockchains like Ethereum in scaling and lowering costs while companies like Coinbase continue to build out the infrastructure that traders and developers need.
I wouldn’t take too much away from today’s trading as a result.