Will Coinbase survive to 2028?
Maybe this is more appropriate for WSB but … Coinbase stock is in the toilet and Coinbase bond prices down to 51c of par value.
Survive? Probably. Thrive? Doubtful, they keep getting overtaken by other exchanges that execute better. They were early which is the only real advantage they have.
Yeah. I was thinking along the same lines, which is why I thought the bonds might be a more attractive risk/reward play. But just found out they aren’t registered securities under Reg S so only qualified institutional investors can purchase them. Sadge.
Although, being publicly traded and based in the US, consumers may feel more comfortable doing business with them vs more opaque entities that “move fast” *cough* FTX *cough*
Coinbase is a shit that has rotten and dried up enough to be not even useful as a natural fertilizer
Guys, I'm pretty sure crypto companies are done. Trust me, I know how a "done" company looks like.
Meta is far from done :)
People always want to make a quick buck. There is no shortage of dumb people. I'd say that in a year from now we'll see plenty of fresh meat waste their money on crypto.
Ask ChatGPT
Crypto exchanges will continue to exist just like casinos continue to exist. However, they will not be value at more than 5B
Where’d you get that valuation? 🪄🎱?
They make money through transactions, if everyone holdl, they don't make money, same moat as robinhood
If everyone hodls they ‘lend’ all of their money to some shell company or person and stop letting people withdraw
Just by lending money, a lot of companies went Bankrupt BlockFi, Voyager, Celsius, FTX