A few random thoughts on investing in Bitcoin vs Coinbase: - The risk of losing your BTC would've been high if you used something like Mt Gox, or maybe you wou

A few random thoughts on investing in Bitcoin vs Coinbase: - The risk of losing your BTC would've been high if you used something like Mt Gox, or maybe you wouldn't have made the purchase because you didn't trust the purchasing channels. - My guess is investing $300k back then would've raised the market price quite a bit before you finished your purchase, but I'm just speculating. - Investing in the company gives you a little more agency. E.g. if you have a great idea, you can help the company become 1.5x or 10x more valuable. Investing in BTC is very passive. This is not worse or better, but a personal preference. - I bet Coinbase contributed to Bitcoin's success by providing an easy onramp. If Bitcoin were 1 or 3 years behind where it is today because of mass adoption starting later, then $300k invested in Bitcoin in 2012 would be worth much less.