Investors coin it in ten-fold on Coinbase listing – is crypto here to stay?
VCs and other investors such as GIC and Mitsubishi UFJ earned at least 10 times their initial investment when Coinbase listed on the Nasdaq. What does this tell us about the future of crypto?
Coinbase's listing on Nasdaq last week is likely to give institutional investors pause for thought, drawing crypto sceptics closer over the long-term but also sounding alarm over the short-term risk from drawdown in the price of crypto.
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