Was the blockbuster Coinbase stock market listing a coming of age for bitcoin and cryptocurrency or a top of the bubble moment?
The world’s leading crypto exchange platform listed on the US stock market this week and at one point hit a hefty $100billion valuation, before slipping back to $60billion.
That’s still a very big number, especially for a business that made $322million last year.
But Coinbase is profitable, its earnings are growing rapidly, it can cash in whether bitcoin and crypto prices rise or fall, and the cryptocurrency genie is well and truly out of the bottle.
So, could it prove to be a Facebook or Google of the crypto world?
On this week’s podcast, Georgie Frost, Tanya Jefferies and Simon Lambert look at the Coinbase float and what it means for the crypto and investing world.
They also discuss the Spac frenzy, how it’s leading to lucky dip investing for some but also more companies coming to market, and whether once you know what’s in a Spac it could ever be worth investing.
Also, on this week’s podcast, the team look at low risk investments that could be an alternative to a paltry 1 per cent five-year fixed rate cash Isa and Tanya updates on the women underpaid state pensions.
And finally, Barclaycard has slashed customers’ credit limits and left many of them baffled and annoyed, so what on earth is going on?
Coinbase listed on the US stock market last week and saw its value reach almost $100bn at one point before slipping back to a mere $60bn
