Coinbase valued at $8 billion, Crypto is not Tulips

Tiger Global just invested $500 million dollars into Coinbase at a valuation of $8 billion. This, combined with the large valuation for the new trading platform Robinhood shows that Cryptocurrency is not just a passing fad, but a legitimate investment for the future. Coinbase will use much of the money to launch new products and strengthen its own position within the cryptocurrency market. I believe Coinbase has a long ways to grow because it is adding new assets and is planning an ETF later on.

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