The Milk Road Show The Golden Age of Crypto Starts Now: $1 Million Bitcoin Ahead w/ Ryan Rasmussen
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Dec 27, 2024 Ryan Rasmussen, Head of Research at Bitwise, shares fascinating insights into the future of crypto. He boldly predicts Bitcoin could hit $1 million by 2029, emphasizing the anticipated mainstream acceptance of cryptocurrency. The conversation highlights Coinbase's potential to outpace traditional financial institutions, while national strategies for Bitcoin acquisition gain traction. Ryan also discusses the intersection of AI and crypto, showcasing innovative trends that could reshape the market. Exciting times lie ahead for digital assets!
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Coinbase's Diverse Business Model
- Coinbase's business model is more than just a brokerage, encompassing staking, custody, stablecoin business, and layer-2 solutions.
- This diversified model positions Coinbase for significant growth, potentially surpassing traditional brokerages like Charles Schwab.
The Year of the Crypto IPO
- Favorable macro conditions and regulatory developments set the stage for several crypto IPOs in 2025.
- Circle, Figure, Kraken, Anchorage Digital, and Chainalysis are prime candidates, spanning the crypto industry.
Chainalysis: A Unique IPO Candidate
- Chainalysis, a blockchain analytics and compliance firm, stands out among potential IPOs.
- Its public listing would enhance the crypto industry's image by demonstrating regulatory compliance.