3 ms·
You're saying the US legislation will directly attack the multiple $100Billion+ public traded companies in the crypto space? (Assumption is that Coinbase won't
by asenna 5y ago
You're saying the US legislation will directly attack the multiple $100Billion+ public traded companies in the crypto space? (Assumption is that Coinbase won't be the last company in crypto to go public).
I don't see that happening anymore. There's too many startups with too many smart people working in the space and a LOT more people (including the legislatures) invested in Crypto.
- toomuchtodo 5y agoThe current US administration nuked Canada's Keystone XL pipeline investment ($8 billion) with the stroke of a pen (due to climate emergency concerns). There is less crypto value intertwined in public securities than that (roughly $4 billion), ignoring Coinbase's valuation (which, if crypto is outlawed, I'm unsure the government would place much value in maintaining; there’s a reason executive insiders cashed out significant portions of their equity holdings at listing). But, if you believe otherwise as a capital market participant, buying and holding Bitcoin is a fine play to back such a belief.
- nO0b 5y agoThe US Navy has 11 aircraft carrier groups protecting the USD status as the world's reserve currency. History suggests that won't last forever, but it probably won't be COIN shareholders or activist hedge funds that forces a regime change as big as that.