Bitcoin [BTC]The rebound is not surprising, says Coinbase COO

Bitcoin [BTCT] seems to have reached the good list of Santa Claus since the cryptocurrency has increased by almost $ 1,000 in a short space of time. The currency, which at the beginning of the month had crushed the sentiments of investors plunging below the $ 3500 market, returned above the $ 4,000 level.

Asiff Hirji, President and COO of Coinbase, talked about the short-term Bitcoin price rally at the beginning of this week, in an interview with CNBC Fast Money. He also touched on what Coinbase could hold for digital resources in the future.

Hirji started talking about the article that was published when Bitcoin was at its all-time high in December 2017. The article mentioned how Bitcoin has eliminated its original value and suggested that investors should pay attention to volatility. He added that they got a "negative press" as a result for the article. He went on to say:

"I think it's the old adage if things are never as good as they seem, nor are they ever as bad as they seem, and to quote Buffet," Be greedy when others are afraid and frightened when others are greedy "So I think it's not surprising to me that we've had a bit of a rebound."

The COO added that the amount of innovation in cryptocurrency last year far surpassed all the innovation put together since the beginning.

Referring to Coinbase's decision to add another 30 tokens, Asiff Hirji said that there were around 3,000 cryptocurrencies and only a few have counted. He went on to say that the cryptocurrencies that matter will be added to their trading list.

"And you should take it for granted that over time we will add all the cryptocurrencies that matter, in as many geographical areas as we are allowed to add them.This is the beginning, I think, of the next big wave of technological innovation, and you should expect to see more and more cryptocurrencies over time "

A Twitter user, Toieo, commented:

"Are these statements true?" My understanding is that Coinbase has been tanking yet it is claiming to be the biggest volume, the biggest exchange, blah blah blah … "

Mark Brown also commented:

"Mr. @AsiffHirji, you say you are adding the best # token on coinbase and over 3,000 you said there are about 200 that will do it … My question is … Is #XRP one of them? Thanks, Mark"

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Akash is your usual Mechie with an unusual interest in encryption and day trading, ergo, a full-time AMBCrypto journalist. He holds XRP because of peer pressure, but otherwise he found a day of trading with that little capital he owns.