PANews reported on February 8th that Coinbase CEO Brian Armstrong stated that the recent volatility in the cryptocurrency market is nothing new. The crypto market has experienced numerous cyclical fluctuations to date. Armstrong said, "Personally, this doesn't change my view—I can't think of any reason not to be bullish on cryptocurrencies in the long term. It's eating away at the financial services industry at an alarming rate. Coinbase will continue to provide services in any market environment, as always."