Updated: Jul 13, 2020

coming from Reuters via Coindesk

One of the world’s largest cryptocurrency exchanges is said to be preparing to list on the U.S. stock market sometime in early 2021.

  • Sources speaking to Reuters said Coinbase had already begun the process for a listing; it isn't clear on which exchange venue this would take place.

  • Rather than an initial public offering, it's said the firm would prefer to go down the route of a direct listing on an exchange.

  • The Securities and Exchange Commission would have to approve Coinbase's listing application.

  • Should it be approved, Coinbase would be the first crypto exchange to go public in the U.S.

  • The company was valued at $8 billion at its last funding round in 2018.

  • Coinbase declined to comment.

If I remember accurately I believe Brian had mention in a past interview (I would have to find it) that if "they" did decide to go public it would be in a new and interesting way. I would not be surprised if they go the route of a non traditional way to IPO.

Although if you remember, I know I do...Coinbase president Asiff Hirji first spoke about an IPO back in December of 2017 (that's right at the height of the bull run.) When asked about the possibility of taking the company public, he told CNBC:

It is certainly in the interest of our investors…and the most obvious path of Coinbase is to go public at some point, but there’s a lot for us to do between now and then, whenever that date is.“Coinbase just raised $300 million in a Series E round, bringing its valuation to $8 billion. Coinbase plans to use those funds to “accelerate the adoption of cryptocurrencies and digital assets,” Coinbase President and COO Asiff Hirji says.

Whatever they decide to do look for this to say to the world & the investment markets in 2021 that Bitcoin & Crypto have arrived and were not going anywhere!

Check out our entire analysis on the latest Thriller Rundown.

Updated: Jul 5, 2020

I have uploaded the Audio to Skynet. Have a listen.

Update: Added the latest Thriller Podcast Mini episode to SoundCloud /// more on this later. listen below

Updated: Jun 29, 2020

We’re very much in a transitional period in time where more and more value is being created online in all sorts of digital forms.

The main issue we have during this transition is the friction caused by the on-ramps and off-ramps with our current legacy financial system. How do we pay for this digital value?

Will all forms of digital value stay online and only ever live & breath online. Without ever exiting out of the internet? Will we be able to hold our digital forms of value in the future with AR/VR component in our palm. Will we go to a retail store and purchase a CryptoKittie in its AR/VR form. That might be a topic for a different day.

But still how do we determine a digital form of value?

Is the stock of Twitter value determined because of its quarterly returns to its shareholders or does the true value stay with the people who run and maintain it and the community that lives there? Could the people who run and maintain it along with the community leave recreate another Twitter and be just as valuable?

People associate Bitcoin scarcity with Gold and from a marketing perspective this works extremely well. If this is true then Bitcoin is the reinvention of Gold native to the internet.

But as more and more digital forms of value start to appreciate and increasingly become scarce online how will the internet determine this value? Is it cash? or more fiat currencies? Do we leave that for the real world?

Is it Ethereum? Well over 75% of all digital assets of value online are appearing to show up on its platform? With more and more real world assets in the near future as well.

No, that is just a technological tool of its time (e.g. paper and pencil in the 1800’s, the personal computer in the 1900's)

Can we leave money to just being the foundational layer for everything else. Is this still true?

Since creation, Bitcoin has precisely a maximum supply of 21 million coins. As of writing, approximately 18 million bitcoins exist and new bitcoins are supplied at a rate of ~3.6% annually. Nearly every ten minutes, when miners process a new block, 6.25 new bitcoins are minted.

I think it requires a something truly organic in nature, frictionless, divisible and truly decentralized as currency. Something that is global and native to the internet.

Something like Bitcoin.


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