Coinbase is going public this year, some people see it as the start of the bull market.
The only thing that we can compare Crypto is to the Dot.com boom and bust. but remember after the dust settled, the strong companies thrived and we ended up with amazon, eBay and etc. this could be cryptos like BCH, BTC and etc!
“A friend of mine has a great line. He says "Nothing important has ever been built without irrational exuberance." Meaning that you need some of this mania to cause investors to open up their pocketbooks and finance the building of the railroads or the automobile or aerospace industry or whatever. And in this case, much of the capital invested was lost, but also much of it was invested in a very high throughput backbone for the Internet, and lots of software that works, and databases and server structure. All that stuff has allowed what we have today, which has changed all our lives... that's what all this speculative mania built.”
Fred Wilson
Don’t worry though, unlike DOT.com companies BCH can evolve and prosper with its technology meaning it will keep up with the tread as need be. This is a great time to invest not because of I want the price to go up but it’s a new frontier in technology!
So, what are we going to see with the IPO of Coinbase?
I believe that with Coinbase going public we should start to see a mass adoption of Crypto as a result of Coinbase bringing this new technology to the forefront of mass media and also acceptance and accepted to the wider population.
Why more Accepted?
There’s more acceptance for the wider audience when companies that are at the forefront of new technology get put onto the stock exchange. I don’t know why? but people can trust a company more if it’s a public traded company also Coinbase is trying to be as clean as a crypto exchange can be. This will give more gravity to Coinbase!
What can Coinbase IPO do for the price of BCH?
We could possibly see a super cycle meaning that the bull run will last longer and causing BTC going past it’s $100k and reaching anywhere between $200k to $500k a coin. This will trickle down to BCH and cause it to hit anywhere between $20k to $50k a coin.
At the moment every crypto is connected to the hip to BTC, but this isn’t unusual because all industries in the same field are connected to each other’s success and failure.
What can we see from a super cycle?
The only contrast we have is the dot.com boom and that lasted six years. If we use this then as a super cycle then Crypto bull run will go through 2 halving in that time and cause mass speculation and mania.
The only problem is, when money flowed into the DOT.com era companies were worth more then they were but they would be because the amount of money flowing into the market. This is again with coins with no utility, so be careful of what coins you are buying.
Pretty Good 👍