As the fabric of the crypto-world begins to unravel……….(more…)
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But, yeah, crypto is gonna change the world. You betcha. Here’s COIN, one of the most anticipated IPOs of all time and the biggest brokerage by far.:
Coinbase (COIN) is celebrating its ONE YEAR anniversary today as a public company.
In that time, during the most over-supported bull market in human history, it has lost 66% of its value.
Shareholders are not participating in the celebration.
Some of you may recall that Coinbase went public pretty much the millisecond that crypto topped in April 2021. The odds of that happening by chance are equal to the odds of Oprah Winfrey not appearing on the next issue of her self-published magazine. Likewise, When BITO (which endlessly touts itself as ” the first U.S. bitcoin-linked ETF offering investors an opportunity to gain exposure to bitcoin returns“) came public, they didn’t hit it as precisely, but boy, were they close.