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"Coinbase generated $141 million of net income on $691 million in revenue for the first nine months of 2020, according to documents shared with investors." Tho
by pushrax 6y ago
"Coinbase generated $141 million of net income on $691 million in revenue for the first nine months of 2020, according to documents shared with investors."
Though 2021 will be higher, will it be 20x higher?
- walexander 6y agoThe first nine months bitcoin was at a $10k and below level. They are making considerably more money since the boom took off after that. I don't know if it will be 20x higher either. Just saying, this makes more sense than say, Zoom, which trades at $120B mcap. I dont think the volumes will last, but if you look at volumes today and extrapolate further growth, then sure $100B makes sense.