BIC cryptographic video news program: Coinbase update

BIC cryptographic video news program: Coinbase update

Bullish Scenario for Coinbase The critical aspect to keep in mind is how much they sold. Armstrong parted with only 1.5% of his holdings, which doesn’t show any lack of confidence in Coinbase’s prospects. In blue you have Coinbase’s revenue and in red overlapping is Bitcoin’s price, showing a clear relationship.

Many interpreted this as a lack of confidence in the company and blamed it for dropping the stock’s price. But this is a regular occurrence around IPOs when early investors can profit from their initial investments. Watch BIC’s Latest Crypto Video News Show Here:

Source: TradingView After the initial push that saw the company valued at over $100 billion, we next saw that insiders sold roughly $5 billion worth of stock. Among them were the CEO Brian Armstrong, Coinbase director Brian Wilson, and investment firm Andreesen Horowitz.

Bearish Scenario for Coinbase On the flip side, there is also a bearish scenario, one in which Coinbase falls or even collapses. Actually, there are a few. Institutional investors have seemed reluctant to join in on the crypto rally. However, a public company that offers easier access and exposure to crypto assets is a great way to do it. Should Coinbase win their trust, they would definitely have a head start in this race, and the stock could grow for many years to come.

It was also popular companies like Grayscale, MicroStrategy, and Tesla that also paved the way for the Coinbase listing. And it’s these institutional investors that Coinbase will try to entice in the coming years. Source: Coindesk

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