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Is Coinbase Really Worth $100B?

Is Coinbase Really Worth $100B?



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11 Comments

  1. Probably, at the moment. In their filing with the SEC they claim the company’s value is largely based on the state of the crypto market. Since crypto is up so is coinbase’s value but that could all change over night.

  2. I mean, is Ripple really worth a market cap of 19B?

    >Some are claiming this is yet another case of an extended valuation in an overpriced market.

    Which is the same for the majority of the crypto market. We’ve got tons of low cap shitcoins literally sitting on multimillion dollars market caps with absolutely nothing to show for it and of which the investors have basically given up on the project.

    As long as people are willing to invest in it and are willing to pay the price, then yes, it’s worth it.

  3. Yea… if we weren’t in the current crazy market I’d say it’s overvalued. But now that everything is… it’s like a “new normal”. My bet is it still pops up at offering and in the near term after.

  4. tldr; Coinbase has filed its S-1 to go public via direct listing. The company was valued at $54 billion in January. Revenue grew 139% YoY in 2020 while net income turned positive, growing from a loss of $30 million in 2019 to a profit of $322 million in 2020.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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