Coinbase CEO to star in documentary

Coinbase co-founder Brian Armstrong says documentary will show “the good, bad, and ugly” of running a tech start-up

Crypto coins rest on top of a smartphone displaying the Coinbase logo                                 
Coin: A Founder’s Story will feature Armstrong, Buterin and Saylor – Photo: Shutterstock

Brian Armstrong, the co-founder and CEO of Coinbase, has announced that a documentary covering his experience building the $18.5bn (£16.4bn) cryptocurrency giant will be available from 7 October.

On a mission to promote economic freedom

According to the trailer, Coin: A Founder’s Story will chronicle “the rise of a visionary founder in crypto who harnesses the power of this emerging technology to promote a mission of global economic freedom”.

Armstrong said that he gave director Greg Kohs and his team “unprecedented access inside the company, showing the crazy ups and downs of building a tech start-up all the way to us becoming a public company. He shows it all - the good, bad, and ugly.”

Kohs previously directed AlphaGo, a documentary about the Go match between top-ranked player Lee Sedol and Google’s DeepMind AI. Armstrong said “It was a powerful story, and it’s what convinced me to trust him to tell our story.”

Starting business took determination and luck

The 39-year old businessman admitted that starting a company “is like chewing glass and staring into the abyss” and “takes incredible determination and a bit of luck”

He added: “My belief is that technology is the best lever we have to solve the world’s problems and improve the human condition, and I want to encourage more people to start tech companies. So I decided to pull back the curtain and show people what it's really like.”

The documentary also features interviews with other well-known figures in the cryptocurrency sector, ranging from Ethereum co-founder Vitalik Buterin to MicroStrategy executive chairman Michael Saylor.

Coinbase endures crypto market volatility

Coinbase held its initial public offering (IPO) in 2021, achieving a $100bn valuation on its first day of trading. The company has experienced less plain sailing in the following year and a half, however, as investor sentiment has cooled across the cryptocurrency industry.

In addition to seeing its stock fall by 70% in the past 12 months and having to cut its workforce, Coinbase has experienced both regulatory hurdles and legal challenges.

Late last month, the blockchain firm Veritaseum sued the company for $350m alleging patent infringement.

By 10:45 EST on Wednesday, Coinbase was trading down by 6.6% at $69.64.

Further reading

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
iPhone Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image