Coinbase Grows a Mullet

“Business up front, party in the back.” [Altucher Confidential] February 23, 2023 [WEBSITE]( | [UNSUBSCRIBE]( Coinbase’s newest product aims to be the front-end gateway to DeFi and crypto. Here’s how to play it. [Hero_Image] Coinbase Grows a Mullet By Chris Campbell This NEW Electric Vehicle Stock Could Help Fund Your Retirement Its car is faster than super-cars like Ferrari's F8, McLaren's 720S and Porsche's 911 Turbo. Yet it's 100% electric. [Discover the new $25 startup that could be the next EV giant.]( [Chris Campbell] CHRIS CAMPBELL In case you missed it… Coinbase just announced they’re launching a new product called “Base.” And, though the stock market is shrugging it off -- upon writing, COIN is down -- it’s a big deal for crypto. And one crypto in particular will benefit the most. (More in a moment.) Today, we’ll go over what it is… what it means… and the easiest way to take advantage. To start, it’s got everything to do with what’s called… The DeFi Mullet A popular meme in crypto, the DeFi Mullet is the idea that crypto will serve as the backbone of the financial system… But without feeling like… well… “crypto.” Mullets are usually described as, “Business up front, party in the back.” For crypto, it’s… Fintech in the front, DeFi in the back. [image 1] Users will feel like they are using traditional financial products, but the backbone will be decentralized. Similar to how nobody knows how TCP/IP works, but they still use the Internet, users won’t have to know how blockchains and private keys work to use them either. To be sure, this isn’t a fringe idea limited to crypto degens. Citi gave reference to this idea in their 2022 metaverse report, [Metaverse and Money](. Among other things, the report says that the metaverse is potentially an “$8 trillion to $13 trillion opportunity,” and that DeFi will be at the center of it. On page 106, the report reads: “Wallets like Apple Pay and Google Pay will likely expand the range of supported payment types to fully integrate options in the decentralized world. This can be done in a way that abstracts away Web3 complexities the average consumer likely does not want to contend with. One can think of it as Web2.5 -- decentralized finance (DeFi) at the back enabling the cryptocurrency payment methods and centralized finance (CeFi) at the front, acting as the familiar user interface.” In other words, the DeFi Mullet. And Coinbase is getting the party started. Former white house advisor exposes diabolical plot [Click here for more...]( He predicted the 2008 financial crisis, the war in Ukraine, and the 2022 market meltdown. He even notified the world of America’s involvement in the Nordstream Pipeline attack, 26 days BEFORE the whistleblower report was released. But now, former White House advisor Jim Rickards just EXPOSED a secret war being waged against U.S. investors. Everthing Jim knows is [right here.]( [Watch Jim's video now before it's too late to act.]( They Call it Base In the crypto world, Coinbase is as legit as it gets. It has 108 million verified users, with $80+ billion in assets on the platform. It operates in over 100 countries. And it has over 4,000 employees. Also, Coinbase’s legacy is in making crypto easier to use. Once upon a time, buying Bitcoin was an arduous, labyrinthine process. And then Coinbase came around, making it as easy as opening up a Paypal account. But Coinbase has since grown into more than just an exchange… Coinbase offers staking, liquid staking derivatives (LSDs), institutional custody, non-custodial (self-custody) wallet products, DeFi access, and a lot more. Base, its newest product, aims to be the front-end gateway to DeFi and crypto. Launching in approximately two months, Base will operate as a permissionless layer-2 to Ethereum -- meaning, anyone can participate and build on top of Base, while Ethereum acts as the settlement layer. In short, Base will… → Make it easier for developers to build decentralized apps. → Make it easier for these apps to access mainstream audiences → Make it easier for those decentralized apps to scale to hundreds of millions, and eventually billions, of users. → And make it easier for mainstream users to use crypto and take custody of their own assets. While this move could very well boost Coinbase’s bottom-line… The biggest beneficiary of this move is obvious: Ethereum. Ethereum Wins Because there’s no BASE token, the blockchain will use Ethereum as the native gas token. This is great news for Ethereum. And it’s yet another reason we’re bullish on Ethereum -- and have been since 2017, back when Ethereum was less than $50. It’s also why most of our focus for the past two years has been on spotting under-the-radar, potentially high-flying opportunities in the Ethereum ecosystem. More on those opportunities soon. Until next time, [Chris Campbell] Chris Campbell For Altucher Confidential Has World War III Just Begun? [Click here for more...]( NATO sends tanks to Ukraine… Russia prepares for a winter offensive… [Is the beginning of World War III?]( I’ve just released an urgent message with my thoughts. But more importantly, I’m offering to send you an [exact playbook]( on what I see playing out in the world and what you need to do to prepare. [Simply click here now to watch my short message and to see how to claim a copy completely free of charge.]( [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2023 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. 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