All right, welcome back to our show for white guys talk about technology. I'm here with

Packey McCormick who is a special guest to the compound. You guys know Ben, you know Michael, you love their blogs, you listen to animal spirits

Hopefully you turn off animal spirits before their movie takes and and if you don't you know, you've been through ours

My name is downtown Josh Brown

We're here to talk about the Coinbase IPO, which the reason we're doing this stream is that I think it's this is like

One of those big milestone IPOs that everybody remembers and I think it's like a very important company

Doesn't mean I think it's a great investment from the price that it's trading at but I feel like every investor

Needs to understand what the company's doing. So I just want to start there. Packey, you're the guest

Like do you feel that this is a really important moment for the investment markets for Wall Street or am I overstating it?

No, I don't think you're you're overstating at all. I mean, I think the fact that if you had told anybody 10 years ago that there would be a company that

Essentially is an exchange for digital coins that went public and and close the first day at an $85 billion valuation

I mean, it's a it's a huge day. I mean, I think it legitimizes the crypto space

And I think it's going to be you know, it was fairly successful today

I think there's going to be a wave of crypto companies coming public. There's facts just dying

I think to take crypto publicly

Crypto companies public and I think this will be kind of that that watershed moment that everything turned on have any

Spacks don't equip though deal yet. I actually don't know the answer that nothing that I can think of but I can't even look at like

Top shot is pretty ripe or you know, I guess that dapper labs, but

Today, this this is the first IPO that I had multiple people texting me about for the first time since I honestly can't remember like

Snowflake

No, no, no, that was not that was not in the public consciousness at all. I can honestly I can't remember

This is a big one maybe Airbnb, but probably not even that everyone's comparing them to the finance companies, but

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