Why Bitcoin’s Selloff Is ‘Healthy’ According To Coinbase’s John D’Agostino

Bitcoin’s (CRYPTO: BTC) latest downturn may feel painful, but Coinbase‘s (NASDAQ:COIN) Head of Institutional Strategy, John D’Agostino, says the market is simply repeating a familiar, and ultimately healthy, pattern.

What Happened: Speaking with CNBC on Monday, D’Agostino noted that Bitcoin has historically endured 70%–80% drawdowns on the path to multi-year rallies.

This pullback is mild by comparison and comes as Bitcoin becomes mathematically less volatile thanks to a deeper …

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