BREAKDOWN: Coinbase Going Public Is the Bitcoin Bull Market's First Big Test

CoinDesk Podcast Network

CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 12 April 2021

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This inflection point moment could have major implications for where markets head next This episode is sponsored by Nexo.io. Coinbase is set to go public via direct listing on Wednesday. In today’s episode, NLW breaks down why this is the current bull market’s first big test, looking at: Mainstream narratives Institutional liquidity Retail participation Spillover effects The direction in which we head next What’s clear is that this bull run does not equal 2017 and will be shaped by a largely different set of forces. Byzantine General’s overview thread: https://twitter.com/ByzGeneral/status/1381095621017354240 - Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io. - Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!) Image credit: Steve Jennings/Getty Images for TechCrunch and Overearth/iStock/Getty Images Plus See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0	Audible brings your wildest adventures to life, delivering heart-pounding thrills at the touch
0:05.8	of a button.
0:07.0	Take Richard Osmond's The Thursday Murder Club, where four retirees turned amateur sleuths
0:11.8	solve crimes in the most unexpected ways, brilliantly performed by Leslie Manville.
0:17.1	Ready to unleash your adventure aside, from pulse racing suspense to epic quests, from supernatural
0:22.6	chills to far-off romances, every story comes alive through world-class narration.
0:28.5	Explore exclusive audible originals, chart-topping new releases, and unforgettable bestsellers
0:34.4	that transport you from the very first word, because the next great
0:38.2	adventure is just a listener way.
0:40.8	Start your free 30-day trial at audible.com slash Wondery UK.
0:45.6	That's audible.com slash Wondery UK.
0:53.8	Welcome back to The Breakdown with me, NLW.
0:58.8	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
1:05.7	The breakdown is sponsored by nexo.io and produced and distributed by CoinDest.
1:12.6	What's going on, guys? It is Monday, April 12th, and this is a big week. This week on Wednesday,
1:21.3	April 14th, Coinbase will go public via direct listing on NASDAQ under the ticker coin. The public listing is incredibly
1:30.7	highly anticipated by the crypto industry, of course, but also by Wall Street. Coinbase's
1:36.8	Q1 numbers were absolutely monster and saw some analysts revised their price predictions for
1:42.6	shares anywhere from 195 to 440 a share.
1:47.5	Even before the Q1 numbers came out, some were anticipating a $100 billion valuation.
1:52.3	Now, that number has crept up. FTX has listed pre-IPO contracts and say the current trading
1:58.2	implies a valuation of around $140 billion. To be fair, the range
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.