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Arthur Hayes and Will Clemente on How This Bitcoin Halving Is Different - Ep. 633
Unchained
Importance of Following Legal Cases for Cryptocurrency Market Positioning
The speaker believes that legal cases in the cryptocurrency world, such as the ones involving Coinbase and Uniswap, have a significant impact on the market. Monitoring the outcomes of these cases can be crucial for determining market positions. The speaker highlights that if Coinbase wins their case, it could be a positive catalyst for alternative coins (alts), leading to increased market activity. Additionally, the speaker feels that Coinbase is currently undervalued in the market due to the street's inability to fully recognize its potential crypto native revenue streams. Viewing Coinbase solely as an exchange, the speaker suggests, underestimates its true market potential as a significant venture-style investment.
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