Coinbase CEO：华尔街误解 Coinbase 源于创新者窘境

Core Viewpoint - Coinbase CEO Brian Armstrong highlights the "innovator's dilemma" faced by the company, explaining why Wall Street often misunderstands or undervalues Coinbase [1] Group 1: Market Dynamics - Approximately 50% of large financial institutions, including five global systemically important banks (GSIB), are embracing cryptocurrencies and collaborating with Coinbase [1] - The other half of these institutions resist due to conflicts of interest [1] Group 2: Financial Performance - Armstrong advises investors to focus on adjusted net profit, which has shown profitability in the previous quarter, rather than solely relying on GAAP data that includes unrealized gains and losses [1]