89 min listen
195 - The Bull Case for $COIN | Michael Rinko & Jay
FromBankless
ratings:
Length:
104 minutes
Released:
Nov 6, 2023
Format:
Podcast episode
Description
This is our first time ever covering a TradFi stock! However, Coinbase is a different beast… Coinbase is a behemoth of a company, growing since May of 2012. CEO Brian Armstrong has been on Bankless a number of times. Today, we’re bringing on two analysts–independent researcher Jay (0xJaypeg) and Delphi Digital analyst Michael Rinko. Today’s episode will not be a history lesson on Coinbase, if you’re looking for that, we’ll highly recommend checking out Coinbase’s documentary: COIN: A FOUNDER'S STORY Today’s episode is all about $COIN the asset. Down from its ATH of $342/share in Nov. 2021 to $85 today—and with a current market cap of $17.8B— are you bullish $COIN? Why or why not? ------ ✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-coin-bull-case ----- ? Airdrop Hunter is HERE, join your first HUNT today https://bankless.cc/JoinYourFirstHUNT ------ TIMESTAMPS 0:00 Intro 4:30 The Business of Coinbase 8:40 Diversifying the Business 14:30 Analyzing Equities 17:20 Coinbase USDC 23:30 Yields and Interest Revenue 31:45 The Staking Business 37:00 The Take Rate 43:45 Growth of Staked ETH 48:20 Coinbase International 56:45 Derivatives Revenue and Regulation 1:06:00 Coinbase Bank and Custody 1:17:00 BASE 1:31:00 Ranking Coinbase’s Opportunities 1:35:00 Coinbase Assets 1:38:20 The Company Itself 1:48:00 Predicting $COIN 1:54:50 The Bear Case ----- RESOURCES Michael on Twitter https://x.com/mrink0 Jay on Twitter https://x.com/0xjaypeg Delphi Digital Report https://members.delphidigital.io/reports/coinbase-from-sleeping-giant-to-industry-leader ----- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
Released:
Nov 6, 2023
Format:
Podcast episode
Titles in the series (100)
2 - The Evolution of Monetary Policy: How did money get to where it is today? David and Ryan explore the historical progress of money, and the management of money, across time. They end with a comparison of the different money management policies of each respective crypto-system! by Bankless