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by PragmaticPulp 1897 days ago
Even the biggest companies like AAPL make up single-digit percentages of large cap ETFs or the S&P 500 index. Even if Coinbase disappeared overnight, it would be lost in the noise of the broader market. Nothing like “nuking grandma’s investments”

Also, there’s a lot of middle ground in the regulatory space before banning Bitcoin outright. The government doesn’t have to make a binary choice between free for alls and outright banning something.
2 comments
cwkoss 1897 days ago
Oh bitcoin can certainly still fall precipitously, but over the past decade of following Bitcoin, I've often told people to "invest like it could drop to zero at any moment" and that scenario seems much less possible as institutional investment in bitcoin grows.

The governement could still 'kneecap' bitcoin, but 'killing' bitcoin is approaching being a political impossibility.

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vmception 1897 days ago
For now

There will be a lot of crypto focused and crypto exposed organizations in the public markets over the next few years

And now 1,700 Coinbase employees will be liquid and ready to pay it forward

For now this is just inclusion into the “tech” sector in the public markets, but it will quickly be its own

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