THE STREET · 2026-10-27 18:00 UTC

Coinbase CEO says gold's supply can change, Bitcoin's can't

Coinbase CEO Brian Armstrong argues Bitcoin's 21 million supply cap is immutable by code and network consensus, unlike gold which can be created through alchemy and lab-grown diamonds. Bitcoin is down 7.3% and gold down 7.5% in 2026, making them the worst-performing major assets this year for the first time. Bitcoin has returned 120.6% annually since 2011 versus 6.3% for gold over the long term.

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