2 ms·
They will be correlated with BTC/USD
by devops000 6y ago
They will be correlated with BTC/USD
- paxys 6y agoNope, I doubt it. It's much easier to sell shovels and still benefit whether the price goes up or down.
- devops000 6y agoIf price will reach 1,200$ in next three years I think the volume will be much lower
- hntrader 6y agoThis will be the main mechanism positively correlating BTC price with Coinbase's stock price. The correlation will be weaker than that with MARA and RIOT though.
- jy1 6y agoGold price dictates how many shovels are being sold. Similarly BTC prices dictates gross volumes.
- xiphias2 6y agoAt the time a lot of gold was mined in California, the gold supply increased a lot as well. With Bitcoin the supply is algorithmically limited.
- gaspard234 6y agoWell real world gold is also limited. The California mountains used to be rich with huge veins of gold and now while you can still find some in these places it is very rare compared to the 1800's.
- paxys 6y agoTrading activity can still be high regardless of new supply, and that is what Coinbase is capitalizing on.