Crypto Community Divided After CEO Calls for More "Rugged Individualism"

Source: CoinEdition Original Title: Crypto Community Divided After Coinbase CEO Calls for More “Rugged Individualism” Original Link: Amid Venezuela’s political turmoil, the CEO of a major exchange has been opening up about the importance of decentralization and what he calls “rugged individualism.” While he hasn’t directly commented on recent geopolitical events, the CEO has repeatedly said that crypto gives people tools to protect their money and stay independent from governments.

He said that crypto is more than just technology—it’s a way for individuals to have control over their assets, especially when governments act unpredictably. Cross-border payments and decentralized finance allow people to maintain financial freedom even in uncertain times.

“We need more rugged individualism, not less. Build on the frontier. Be independent. Decentralize power. Accelerate civilizational progress. Celebrate economic freedom,” the CEO wrote.

The Crypto Community Reacts

On social media, the phrase “rugged individualism” has been trending. Some users take it seriously, seeing it as proof that crypto can protect people in unstable political situations. Others are using it humorously, posting memes about “crypto enthusiasts” thriving in chaos.

Many influencers are contrasting decentralization with authoritarian systems, pointing out that when governments overreach, self-custody and decentralized tools can help protect individuals. Overall, the conversation mixes humor, ideology, and market commentary.

Experts React And Disagree

Several industry figures reacted to the statement. One expert wrote, “Why not start by decentralizing the exchange itself, or at least make it transparent, with every transaction settled verifiably.” Others respectfully disagreed, suggesting that different approaches may be needed. Some investors highlighted concerns about the focus on individualism as a core value.

Markets Remain Steady Amid Turmoil

Despite the political headlines and initial volatility, the broader crypto market has largely shrugged off the shockwaves. Analysts attribute this stability to the sector’s growing maturity and its ability to weather geopolitical storms, as seen in previous crises.

The total market value rose about 0.9% in the last 24 hours to over $3.22 trillion. Bitcoin is holding near $92,200 with very small gains, while Ethereum is trading around $3,150 with little movement. Other major coins are also mostly stable.