What is Coinbase Worth?! 😲

...And BTC ‘No Threat’ to Gold 🥺 Fri. Dec 18, 2020 "If only. Those must be the two saddest words in the world." 💔 - Mercedes Lackey Market Activity Total Market Cap $640.3 BN (-3.66%) 24 Hour Volume $229.9 BN (-6.16%) Notable Movers OriginTrail [(TRAC)]( Bitcoin Dominance 65.3% (+0.15%) Bitcoin Price $22,460 (-4.14%) Modern Consensus says that, with [Bitcoin]( up 30% in seven days, crypto is preparing for the "roaring twenties." NewsBTC reports that there are hints of extended bullish momentum for Bitcoin as U.S. stimulus talks drag on. Cointelegraph says data from Twitter, Wikipedia and Google suggest that retail buyers haven’t even arrived yet — with Mati Greenspan saying: "Things are just getting started." Your Friday News 📰 PLENTY more news over at our shiny, new aggregation service... [Headlines!]( [Coinbase Could Be Worth $28B at IPO]( 💰 It’s official: Coinbase is pursuing an initial public offering. The exchange confirmed the news in a blog post, and said its draft registration is now being reviewed by the SEC. According to Messari, the trading platform could be worth as much as $28 billion when it lists on the stock market. A flotation would come at a time when institutions are wild about crypto. [Read the latest analysis on CoinMarketCap.]( [BTC ‘Not a Threat to Gold’]( 🙃 Goldman Sachs believes [Bitcoin]( is not an "existential threat" to gold’s status as the currency of last resort — and that both assets can co-exist. This analysis is at odds with JPMorgan, which thinks the precious metal could suffer for years. Industry titans such as the Winklevoss twins have argued BTC has distinct advantages over gold, setting out a case for a price of $500,000 per coin. [Find out more in our story.]( [Oh No… $1.25B Down the Drain]( 😫 A Finnish man who was an early adopter in crypto has revealed that he sold a haul of 55,000 [BTC]( 2012… meaning he missed out on a fortune worth $1.25 billion. Martti Malmi said he was "regretful" for selling too early — but on the bright side, he got a nice apartment in Helsinki from his crypto stash. [Our article tells his story in full — but just to warn you: it’s a cringeworthy read.]( [PayPal Crypto Service ‘is a Game Changer’]( 👍 Mizuho Securities says PayPal’s decision to embrace [Bitcoin]( is a "game changer." Analyst Dan Dolev believes the crypto service will drive engagement with the payment giant’s app. The bank has surveyed almost 400 PayPal users, and found that 20% have already started buying and selling digital assets. Of those, 50% said they are engaging with PayPal more than they were before. [Read more.]( Poll of the Day 📣 Following on from the horror story about the man who missed out on a fortune of $1.25 billion, our question for you is this... Have you ever sold your crypto… and then regretted it? [Rate 1-5]( I have 💔 — make sure you tell us how much you sold, when you sold it, and how much you got. What You Said 🔊 Previously on the CoinMarketCap newsletter, we asked you this… On a scale of 1-5 (5 being excellent,) do you think institutional involvement in [Bitcoin]( is a good thing? Thanks for all your responses — 50% of you believe that this good news for the sector — and just 10.5% fear that it’s all going to end in tears. Let’s take a look at what you had to say… One reader points out that it isn’t straightforward: "It’s good because of the publicity, and bad because people could trust more in institutions than their personal wallets." 👈 An optimist adds: "Institutional investing will drive price and market acceptance among the general population." 🥳 This respondent is taking a long-term view: "Adoption is the dream of every crypto currency. Now that institutional investors value BTC, it is headed for a robust future. Furthermore we will see a more polished crypto tax system from the IRS." 🤩 But some fear that institutional involvement could have consequences: "Too much control in the hands of the few." 😕 This reader wrote this the day before Bitcoin surged to record highs: "Demand for BTC will be high but supply may not match demand — hence the price will surge upwards." 📈 Critics argue that institutional involvement robs crypto of its decentralized nature: "It goes against everything Bitcoin was supposed to represent." ❌ And here’s a worrying prediction of what could lie ahead: "It means centralization, regulation and taxes." 💸 Alexandria’s Best Bits 📖 Looking for some in-depth insights into market movements? Here’s what [CoinMarketCap Alexandria]( can offer... [Bitcoin’s next moves!]( Why is [Bitcoin]( going up — and is this time really different from 2017! IntoTheBlock take a look at the three indicators that have driven BTC past $20,000… following on from an extraordinary year that has seen its price treble since January. [The Stable Act!]( If one IntoTheBlock piece wasn’t enough, here’s another one. In this article, they explore how looming stablecoin regulations proposed by Congress in the U.S. could have implications for the wider crypto markets. Blockchain Term of the Day: 😟 Following on from [Bitcoin]( sudden leap, there are many people who are itching to jump into crypto. But remember: gaining exposure at such a high price can be incredibly risky, as prices could tumble. Here’s a reminder of what FOMO stands for… An acronym that stands for "Fear of Missing Out" and in the context of investing, refers to the feeling of apprehension for missing out on a potentially profitable investment opportunity and regretting it later. Thank you for reading! Have an epic weekend! 👋 😍 our newsletter? [Share](mailto:?subject=Check%20out%20this%20awesome%20newsletter!&body=You%20should%20subscribe%20to%20this%20newsletter%20for%20the%20top%20news%20in%20crypto%20%26%20blockchain%3A%20https%3A%2F%2Fcoinmarketcap.com%2Fnewsletter%2F) with a friend! 😡 our newsletter? [Spam](mailto:?subject=this%20is%20not%20a%20truce&body=Although%20we%20have%20our%20differences%2C%20the%20longer%20you%20can%20prop%20yourself%20up%20with%20crypto%2C%20the%20more%20fun%20we%20will%20have%20as%20adversaries.%20Sign%20up%20here%20so%20you%20can%20keep%20your%20ass%20updated%3A%20https%3A%2F%2Fcoinmarketcap.com%2Fnewsletter%2F) your enemy! [Go to CoinMarketCap.com]( [Facebook]( [Twitter]( [Instagram]( [Telegram]( © 2020 CoinMarketCap [Update Settings]( [coinmarketcap.com]( Sent to: {EMAIL} [Unsubscribe]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States