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127. $COIN vs. ETH: Which Will Dominate the Next Bull Run?

Alfalfa Podcast

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Coinbase's Future Prospects

Coinbase has negative cash flows today. The immense value that we place on Coinbase the stock which is like at you know 15 billion dollars today is all about its future prospects but it wasn't even that long ago it was like at the bull market peak a year and a half ago or whatever two years ago they had six billion dollars in earnings. They don't want to thrive on trading revenue because that all sort of trends down to zero this is like a commodity game like a commoditized game where like you know the lowest price wins so they don't even play that game he says.

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