Coinbase CEO: Bitcoin Price Reflects Inflation Fears, Not Mining Energy Costs

BitcoinWorld Coinbase CEO: Bitcoin Price Reflects Inflation Fears, Not Mining Energy Costs Coinbase CEO Brian Armstrong has weighed in on the ongoing debate about what truly drives Bitcoin’s price, stating that the cryptocurrency moves in line with inflation concerns rather than the energy expended in mining.

In a post on X, Armstrong argued that hash power—the computational energy devoted to mining—does not determine Bitcoin’s market value. Armstrong’s […] This post Coinbase CEO: Bitcoin Price Reflects Inflation Fears, Not Mining Energy Costs first appeared on BitcoinWorld.