UpOnly: Chats with Crypto Experts cover image

Raoul Pal on the Inevitability of Crypto

UpOnly: Chats with Crypto Experts

CHAPTER

Coin Base

I think toojust if you have so many people who've waited for a long time for liquidity and for internet computer definity, those investments were likein 20 17 initially. So that's a long hold for them, so they're willing ake te multiple. You look at another example in this public markets, you go to coin base. Even though coin base generates a hilarious amount of quarterly profit, it didn't prevent the stock from dumping immediately and continuing to dump once those people started getting liquidity. And also screwed up bit coin for the rest of us as well. I think if two point o is going to end up being by the rum or, sell the fact, because every person

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