Coinbase exec says crypto 'corrections' are simple math, not a catastrophe

Even in crypto, what goes up must come down. "You really just mathematically can't have that [explosive upside] forever," Coinbase (COIN) head of institutional strategy John D'Agostino told Yahoo Finance's Opening Bid. (Disclosure: Yahoo Finance has a partnership with Coinbase.) He noted that if bitcoin's (BTC-USD) growth continued indefinitely at its historical compounding rates, the asset would eventually become "larger than the global economy." Bitcoin has seen its price fall over 25% year to date. ...

Coinbase exec says crypto 'corrections' are simple math, not a catastrophe - Reportify