Coinbase CEO Brian Armstrong has addressed why Wall Street often misunderstands or underestimates Coinbase, attributing it to the "innovator's dilemma." Armstrong highlighted that approximately 50% of major financial institutions, including five global systemically important banks (GSIBs), are embracing cryptocurrencies and collaborating with Coinbase. However, the other half resist due to conflicts of interest. He advised investors to focus on adjusted net income, which was profitable last quarter, rather than solely on GAAP figures that include unrealized gains and losses.