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This is huge news. Coinbase is preparing to IPO potentially in 2020-2021, maybe 2022 if everything is delayed. And Coinbase is working with the IRS and has finished a contract with the US Secret Service. I think it’s all part of their plan, their long-term vision was to get onto Wall St and an initial public offering is the perfect way to become a $100BN+ company in the future. Currently it’s valued at $8BN. Is it overvalued?
#CoinbaseIPO #CoinbaseIRS #Coinbase
Coinbase links:
https://www.reuters.com/article/us-coinbase-ipo-exclusive/exclusive-crypto-exchange-coinbase-readies-landmark-stock-market-listing-sources-say-idUSKBN24A21W
https://www.coindesk.com/irs-enlists-coinbase-in-latest-crypto-tracing-deal
https://fortune.com/2020/07/13/coinbase-ipo-questions-crypto-investing-cryptocurrency-stocks/
Coinbase reported to consider late 2020, early 2021 public debut
https://cointelegraph.com/news/coinbase-reportedly-preparing-for-ipo-later-in-2020
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(Outro – Chris Zabriskie)
*This is not actual investment advice, please do your own research before making any buy/sell orders for anything mentioned!*
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