Coinbase debuts on Nasdaq at 100B $ valuation
1–10 of 14 posts
Re: Coinbase debuts on Nasdaq at 100B $ valuation
#2[deleted]
Re: Coinbase debuts on Nasdaq at 100B $ valuation
#3Title has since changed to "Coinbase drops below debut price after hitting public market at $100 billion valuation"
Edit: now it's over 100B again
Re: Coinbase debuts on Nasdaq at 100B $ valuation
#4If Coinbase starts getting included in broad market ETFs, leading to significant holdings in mutual funds and retirement accounts, it will greatly de-risk the chance of US gov killing bitcoin: nuking grandma's investments is political suicide.
I think we just witnessed a significant step in the process of bitcoin becoming too big to fail.
Re: Coinbase debuts on Nasdaq at 100B $ valuation
#5Re: Coinbase debuts on Nasdaq at 100B $ valuation
#6If Coinbase starts getting included in broad market ETFs, leading to significant holdings in mutual funds and retirement accounts, it will greatly de-risk the chance of US gov killing bitcoin: nuking grandma's investments is political suicide. I think we just witnessed a significant step in the process of bitcoin becoming too big to fail.
Even the biggest companies like AAPL make up single-digit percentages of large cap ETFs or the S&P 500 index. Even if Coinbase disappeared overnight, it would be lost in the noise of the broader market. Nothing like “nuking grandma’s investments”
Also, there’s a lot of middle ground in the regulatory space before banning Bitcoin outright. The government doesn’t have to make a binary choice between free for alls and outright banning something.
Re: Coinbase debuts on Nasdaq at 100B $ valuation
#7If Coinbase starts getting included in broad market ETFs, leading to significant holdings in mutual funds and retirement accounts, it will greatly de-risk the chance of US gov killing bitcoin: nuking grandma's investments is political suicide. I think we just witnessed a significant step in the process of bitcoin becoming too big to fail.
Even the biggest companies like AAPL make up single-digit percentages of large cap ETFs or the S&P 500 index. Even if Coinbase disappeared overnight, it would be lost in the noise of the broader market. Nothing like “nuking grandma’s investments” Also, there’s a lot of middle ground in the regulatory space before banning Bitcoin outright. The government doesn’t have to make a binary choice between free for alls and o…
Oh bitcoin can certainly still fall precipitously, but over the past decade of following Bitcoin, I've often told people to "invest like it could drop to zero at any moment" and that scenario seems much less possible as institutional investment in bitcoin grows.
The governement could still 'kneecap' bitcoin, but 'killing' bitcoin is approaching being a political impossibility.
Re: Coinbase debuts on Nasdaq at 100B $ valuation
#8If Coinbase starts getting included in broad market ETFs, leading to significant holdings in mutual funds and retirement accounts, it will greatly de-risk the chance of US gov killing bitcoin: nuking grandma's investments is political suicide. I think we just witnessed a significant step in the process of bitcoin becoming too big to fail.
Even the biggest companies like AAPL make up single-digit percentages of large cap ETFs or the S&P 500 index. Even if Coinbase disappeared overnight, it would be lost in the noise of the broader market. Nothing like “nuking grandma’s investments” Also, there’s a lot of middle ground in the regulatory space before banning Bitcoin outright. The government doesn’t have to make a binary choice between free for alls and o…
For now
There will be a lot of crypto focused and crypto exposed organizations in the public markets over the next few years
And now 1,700 Coinbase employees will be liquid and ready to pay it forward
For now this is just inclusion into the “tech” sector in the public markets, but it will quickly be its own
Re: Coinbase debuts on Nasdaq at 100B $ valuation
#9If Coinbase starts getting included in broad market ETFs, leading to significant holdings in mutual funds and retirement accounts, it will greatly de-risk the chance of US gov killing bitcoin: nuking grandma's investments is political suicide. I think we just witnessed a significant step in the process of bitcoin becoming too big to fail.
This is the craziest bitcoin fanboys narrative to date! Coinbase has other coins, not just the scheme called "Bitcoin"!
Re: Coinbase debuts on Nasdaq at 100B $ valuation
#10Did the people who invested in Coinbase have any idea how much $100B really is compared to well-established and profitable companies worth a fraction of this? The stock market has been a fantasy market for a while. I only wonder hong long can this nonsense continue.