from Hacker News

Coinbase debuts on Nasdaq at 100B $ valuation

by gpresot on 4/14/21, 5:35 PM with 12 comments

  • by nikolay on 4/15/21, 5:28 AM

    Did the people who invested in Coinbase have any idea how much $100B really is compared to well-established and profitable companies worth a fraction of this? The stock market has been a fantasy market for a while. I only wonder hong long can this nonsense continue.

  • by momothereal on 4/14/21, 6:19 PM

    Title has since changed to "Coinbase drops below debut price after hitting public market at $100 billion valuation"

    Edit: now it's over 100B again

  • by cwkoss on 4/14/21, 6:21 PM

    If Coinbase starts getting included in broad market ETFs, leading to significant holdings in mutual funds and retirement accounts, it will greatly de-risk the chance of US gov killing bitcoin: nuking grandma's investments is political suicide.

    I think we just witnessed a significant step in the process of bitcoin becoming too big to fail.

  • by gandalfian on 4/14/21, 6:31 PM