Since the beginning of 2023, Coinbase shares have significantly increased in price, exceeding 400% growth, while the value of Bitcoin (BTC) has risen by approximately 160%. Coinbase, a cryptocurrency company that debuted on the American stock market in April 2021, has shares closely linked to digital currencies.
Recently, the price of a single Coinbase share reached $162. Many traders believe that the launch of a cryptocurrency ETF in the USA contributes to the growth in value of both Bitcoin and Coinbase's market capitalization. The shares of the crypto company have shown higher returns than leading digital currencies, including Ethereum (ETH), which has only grown by 85% in 2023.
Coinbase CEO Brian Armstrong is calling for US authorities to adopt a softer policy towards the blockchain industry. He notes the growing popularity of digital currencies in the country and emphasizes the need to create a powerful lobbying organization to protect the interests of the crypto business in the government and Congress.
