Well, I think it may benefit to some extent but I don't think it's going to be very significant either. Paypal allowing their users to buy Bitcoin and Mush buying Bitcoin for Tesla I think have been much more significant than this could be.
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but apart from that. i think it will just be a 'famous for 5 minutes' media speculation at IPO day
but apart from that. i think it will just be a 'famous for 5 minutes' media speculation at IPO day
Big corporate clients would be willing to enter the ecosystem if there were sufficiently assured. They are not going to use Paypal, but they can use a large exchange that is focusing its efforts on providing that assurance and developing products that aim for the large clients. This is the point of interest on Coinbase taking further steps to comply with regulations, including those for public companies, which are particularly demanding.
Coinbase is following a very solid strategy for a long period of time and I think is going to work in favour of the ecosystem in a greater measure that those 5 minutes - which will be there of course.
coinbase is already regulated.
coinbases current 5 minute fame is about getting 'clients' to buy fiat shares of a company. not buy bitcoin
the IPO itself is just 5 minute fame for the fiat market. its a pump of the NASDAQ:COIN market, not bitcoin
coinbase advertises over 40 cryptos so not an advert saying 'buy only bitcoin' either
alot more needs to be done to the BITCOIN ecosystem to hype the bitcoin ecosystem
yes it might cause PRICE pump and dumps of multiple coins while this media blitz occurs
but it wont change the ecosystem(infrastructure of bitcoin)
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anyone trying to look for any hints of what can cause a bull market. or a PRICE hype or a new ATH. where they dont actually care or want to think about the fundamentals, infrastructure or VALUE
. they are not actually interested in the bitcoin ecosystem. they are only looking for hints to get th price up so that they can exit bitcoin and get fiat profits.
