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by hn3333 1901 days ago
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4 comments

What does a brokerage/exchange going public have to do with the top of crypto currencies????

Crypto is here to stay. There's plenty of exciting projects like filecoin for decentralized storage, cardano for 3rd gen smart contracts, and more exciting projects that are coming online.

I hate when people treat cryptocurrencies and stocks as just something you buy and sell.

There's actually a vast amount of people and effort underneath blockchain projects that are trying to solve very hard problems. Just as stocks are an actual part of a company where people work hard to solve problems and create value in the economy.

If history is any indication, we are still in the early cycle of the current bull run. I think they have delayed their IPO long enough, they were founded in 2012.
Getting a big price for the company isn't the only motivation for going public. They have employees and investors to take care of, even if they'd be 2X bigger in 2030 or something.
They also make money when people sell.