Compare Coinbase to say a major exchange like the NYSE. Realize that crypto is a space that could be damaged by gov intervention at any time. Realize that there is very little lock in effect on these markets, and fees are becoming less and less over time.
How does Coinbase ever manage to justify a valuation this high? 100B....
How does Coinbase ever manage to justify a valuation this high? 100B....
Ping me when the stock price is under $100.