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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (170616)	4/17/2021 6:25:24 PM
From: TobagoJack	1 Recommendation Recommended By marcher Respond to of 219172

Am constructive / bullish on Katie and Cathie's takes re COIN The first to IPO of all the digital exchanges, that shall deal in all items tokenizable, and that be pretty and much everything that involves identifiable buyers and suppliers and contracts. Was thinking about collateral, and reckoning that commerce is about to get really simple and complicated, and the society with the most straightforward laws dealing with collateral can win huge at least within its own borders. Simple laws make simple collateralization possible, and simple collateralization facilitates easy tokenisation. Digital content, at some juncture, unless glued to or wrapped within a legitimisation token, can simply be filtered out by decentralised cleansing process, and sender of the illegitimately packaged content and of all physical items digital expression (advertisements etc) punished by banishment from internet. Just examples of the coming world as we shall embrace whether we wish or otherwise, no choice. bloomberg.com Coinbase Rallies as Wall Street Optimism Bucks Bitcoin’s Dip Bailey Lipschultz 17 April 2021, 04:12 GMT+8 Follow us @crypto for our full coverage. Coinbase Global Inc. ended its first trading week on a high note despite being unable to draw the level of investor enthusiasm seen after its direct listing on Wednesday. The stock climbed 6% to $342, breaking through a pair of resistance levels around $330 and $338 to post the biggest jump since its first trading day. While Coinbase is more than 30% above the reference price of $250, it’s a far cry from the $429.54 peak hit in the first few minutes of trading mid-week. The biggest U.S. cryptocurrency exchange, with a market value of $68 billion, came roaring back after another bullish review from Wall Street analysts, and even amid weakness for cryptocurrencies including Bitcoin. Read more: ‘Very Silly’ Reference Prices Prove to Be Surprisingly Accurate Loop Capital Markets analyst Kenneth Hill became the latest analyst to advise clients to buy shares of the exchange, highlighting “lots of runway” for the company ahead of a “takeoff.” Hill is the fifth analyst to rate the shares at a buy; however, his $394 12-month price target is the lowest on Wall Street. Skeptics have warned of risks ranging from growing competition to Bitcoin’s volatility, but some investors see opportunity. Cathie Wood’s funds have snapped up about $352 million worth of shares over two days and there are expectations for the company to become a staple in money managers’ portfolios. Coinbase’s Retail Buyers Stung After Plowing in at Debut What's moving marketsStart your day with the 5 Things newsletter. “Coinbase’s market valuation may seem excessive to some given the prospects of increased competition in digital wallets business, which should rapidly eat into Coinbase’s sweet profit margins,” Ipek Ozkardeskaya, senior analyst at Swissquote, wrote in emailed comments. “On the other hand, the competition is not here yet, while large trading volumes continue boosting Coinbase’s revenues for the moment.” All five of the analysts that cover the company rate it at a buy, with an average price target of $521, implying shares have another 52% to run from Friday’s close, data compiled by Bloomberg show. Coinbase’s Retail Buyers Stung After Plowing in at Debut DA Davidson analyst Gil Luria raised the firm’s price target to a Street-high of $650 and touted the company’s “regulatory-friendly” approach to the nascent market. Bitcoin fell as much as 5.3% to $60,063, after coming close to hitting $65,000 per token earlier this week. — With assistance by Abhishek Vishnoi, and Cristin Flanagan (Updates share movement in second paragraph.) Before it's here, it's on the Bloomberg Terminal. LEARN MORE