This is goint to be very interesting to gauge the Wall Street interest in Cryptocurrencies as there was almost none in the Bitcoin miners a few years back !
Let's watch what happens next. They will also do a public Q1-2021 Webcast Results on April 6th.
Exciting times ahead
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It’s ground breaking as you are correct The miners were not really receptive well. I think the volatility in just the hype in 2017 meet investors weary because they thought it was a fad versus today were there’s real adoption and large institutional backing.
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Also the costs were fixed and they thought there was no competitive advantage (except size) and free gouvernement electricity (Venezuela ? Iran ? China). Which was partly true.
One could argue that Coinbase has a flexible cost base which secure the business model in my opinion.
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