1/ crypto is not just an asset class, its an entirely new industry.
the Coinbase $COIN listing firmly plants that flag.
this industry will mint dozens of unicorns, including @CoinSharesCo, that bring equity ownership opportunities to public markets.
cnbc.com/video/2021/04/…
the Coinbase $COIN listing firmly plants that flag.
this industry will mint dozens of unicorns, including @CoinSharesCo, that bring equity ownership opportunities to public markets.
cnbc.com/video/2021/04/…
2/ these listings bring much needed transparency and insight into crypto business models, and highlight how profitable companies are
at @CoinSharesCo, we reported a 65% EBITDA margin in Q4, compared to traditional banks who reported an average 47% EBITDA margin in Q4
at @CoinSharesCo, we reported a 65% EBITDA margin in Q4, compared to traditional banks who reported an average 47% EBITDA margin in Q4
3/ coinbase reported 65M users and over $1.5B in EBITDA in Q1 alone, and is on track to book revenues and net income that exceed any other US exchange - ICE, Nasdaq, CME, and CBOE.
when it lists, i fully expect coinbase to valued higher than Goldman Sachs (h/t @JasonYanowitz)
when it lists, i fully expect coinbase to valued higher than Goldman Sachs (h/t @JasonYanowitz)
4/ just think -
Goldman Sachs:
- founded 1862
- 40,000 employees
Coinbase:
- founded 2013
- less than 4,000 employees
which would you choose?
Goldman Sachs:
- founded 1862
- 40,000 employees
Coinbase:
- founded 2013
- less than 4,000 employees
which would you choose?
5/ the banking industry’s inability to move quickly is a boon for crypto native firms.
unlike Fintechs who need to co-exist with banks, crypto markets and crypto companies have largely been built outside of the existing banking system, since we were shunned for the last decade.
unlike Fintechs who need to co-exist with banks, crypto markets and crypto companies have largely been built outside of the existing banking system, since we were shunned for the last decade.
6/ crypto is a $2T asset class and growing.
the companies building this ecosystem are worth hundreds of billions of dollars.
investors can not afford to ignore crypto in their portfolios.
$COIN will drive this point home in the only language bankers understand - billies.
the companies building this ecosystem are worth hundreds of billions of dollars.
investors can not afford to ignore crypto in their portfolios.
$COIN will drive this point home in the only language bankers understand - billies.
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