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.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s