Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Coinbase => Topic started by: Dociko on April 07, 2021, 12:43:25 PM
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The largest cryptocurrency’s 200% CAGR presents a serious challenge to even the most successful crypto business strategies.
The United States’ biggest crypto exchange would have made more money by simply buying and holding Bitcoin (BTC) in 2013.
Data circulating on social media reveals that despite Coinbase’s $800-million profits in Q1, the company would still be richer had it used its seed funding cash to buy BTC.
Coinbase profits lose out to 2013 hodlers
Ahead of its initial public offering on April 14, Coinbase reported bumper revenue this week. At $1.8 billion, Q1 outperformed the entirety of 2020.
Source: Cointelegraph
(https://cointelegraph.com/news/coinbase-would-have-earned-2b-just-buying-bitcoin-with-its-seed-money)