Was the Coinbase listing bitcoin and crypto's coming of age?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 16 April 2021

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Was the blockbuster Coinbase stock market listing a coming of age for bitcoin and cryptocurrency or a top of the bubble moment?

The world’s leading crypto exchange platform listed on the US stock market this week and at one point hit a hefty $100billion valuation, before slipping back to $60billion.

That’s still a very big number, especially for a business that made $322million last year.

But Coinbase is profitable, its earnings are growing rapidly, it can cash in whether bitcoin and crypto prices rise or fall, and the cryptocurrency genie is well and truly out of the bottle.

So, could it prove to be a Facebook or Google of the crypto world?

On this week’s podcast, Georgie Frost, Tanya Jefferies and Simon Lambert look at the Coinbase float and what it means for the crypto and investing world.

They also discuss the Spac frenzy, how it’s leading to lucky dip investing for some but also more companies coming to market, and whether once you know what’s in a Spac it could ever be worth investing.

Also, on this week’s podcast, the team look at low risk investments that could be an alternative to a paltry 1 per cent five-year fixed rate cash Isa and Tanya updates on the women underpaid state pensions.

And finally, Barclaycard has slashed customers’ credit limits and left many of them baffled and annoyed, so what on earth is going on?

Transcript

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0:00.0	Welcome to This Is Money Podcast. I'm Georgie Frost and alongside me and editor Simon Lambert today
0:05.0	is Pensions and Investments editor Tanya Jeffries. And coming up, there's been a lot of noise around
0:10.2	Coinbase's listing this week, the hallmark of the top of the market or the coming age of crypto.
0:15.9	Also today, another bit of a bubble. What's a spack? Can you invest? And is it wise? Would you lock your money away
0:22.2	in a cash icer for five years at 1%? What a Barclay card playing at? Plus, we have an update with
0:27.5	Tanya on the women who've been underpaid on their state pension. Don't forget you to step to
0:31.4	date with all the latest breaking money news. Just go to this ismoney.com.uk. Or download
0:36.6	the app. But first, in my recent stock market standards,
0:41.2	there's some serious hullabalooes surrounding Coinbase's listing this week. Now the cryptocurrency firm,
0:46.7	which runs a top exchange for Bitcoin and other digital currency trading, only founded less
0:51.5	than a decade ago, hit a market value of nearly $100 billion,
0:55.5	more than stalwarts like BP.
0:58.0	Now, with trading US shares proving increasingly popular, some British investors will be
1:02.2	considering buying in.
1:03.9	But what do you need to know about Coinbase if you fancy getting in on the action?
1:09.0	And warm welcome Simon.
1:10.5	Firstly, what is Coinbase exactly?
1:13.6	And what is its current valuation?
1:15.6	Coinbase is a cryptocurrency exchange, and its current valuation is about $60 billion.
1:23.6	So quite a lot, really.
1:25.6	And Coinbase is the leading place for buying and selling Bitcoin and other
1:31.9	cryptocurrencies. And in case you've been shot in a box for the past year, the crypto market is
	...

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