Coinbase is worth $ 8 billion. New maxi evaluation for the well-known US operator on the cryptocurrency front.
Coinbase, the most important US cryptocurrency exchange, was valued at $ 8 billion. A sign that, according to fund manager Michael Novogratz, indicates that the sector is legitimately able to thrive in the near future.
Coinbase is worth 8 billion dollars
According to what emerged in the press, in particular, Coinbase would be negotiating an agreement with the investment company Tiger Global: an agreement that would evaluate the operator in about 8 billion dollars, thus making it one of the most appreciated American start-ups. We also made a small one guide on using Coinbase
However, not even this news seems to be able to clear the sky above the cryptocurrencies. Berkshire Hathaway CEO Warren Buffett famously equated the bitcoin to the "rat poison". Bill Griffin hedge fund manager Ken Griffin told CNBC that the cryptocurrency they have in common many of the elements of the tulip scam (one of the first major financial bubbles in history, in the XNUMXth century). Others, including investor Dennis Gartman, made the same comparison.
Recall that Bitcoin weighed more than 53 percent of its value this year, and that other cryptocurrencies such as XRP or Ether have even done worse, falling 65 and 76 percent respectively in 2018, according to CoinDesk data.
Novogratz, whose Galaxy Digital investment bank, which was focused on currency cryptography, was listed on a Canadian stock exchange in August, predicted that major institutional funds will enter the bitcoin sector by next year. Will it be true?