in

Coinbase Listing To Lift Crypto Space to Greater Heights: CoinShares CSO Meltem Demirors

Coinbase Listing To Lift Crypto Space to Greater Heights: CoinShares CSO Meltem Demirors


CoinShares chief strategy officer Meltem Demirors says the Coinbase IPO will likely drive a new cycle of investment in the crypto ecosystem.

In a conversation on CNBC’s Squawk Box, Demirors says her outlook is bullish in a big way.

“The Coinbase IPO is going to mint hundreds, if not thousands, of multimillionaires and billionaires who all love crypto and are probably going to take some of their listing proceeds and continue to invest in the crypto ecosystem.

There’s really this nice recursive effect where this industry isn’t just about the assets. It’s now really about the companies, which we’ve been investing in for almost a decade now.”

Demirors says she’s looking to see if Coinbase’s valuation can reach $147 billion in the short term, which would equal that of Goldman Sachs.

She says Bitcoin’s rapid upward trajectory is creating a new kind of investor.

“Here’s what’s great about it for me: Bitcoin has created a lot of wealth for people who weren’t part of the traditional financial system – weren’t money managers.”

Demirors says she bought her first Bitcoin at about $150 per coin. On Tuesday, it hit yet another record high, trading above $63,000.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/tsuneomp





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

What do you think?

Grayscale's AUM Hits $30B Milestone

Grayscale Total Assets Value Soars Above $50 Billion Following the Recent Bitcoin ATH

Guggenheim CIO: Bitcoin Could Fall to $20K-$30K Range if ‘We Get a Risk-Off Moment’

Guggenheim CIO: Bitcoin Could Fall to $20K-$30K Range if ‘We Get a Risk-Off Moment’