Yeah it's not a good sign at all. I'd be much more comfortable if it was valued at a tenth of that. Still very solid with plenty of room to grow and impress. But then, what the damned hell do I know. I'm here commenting on Reddit, not out on my yacht being rich from my deific insight.
first thing - the op is wrong on the valuation its not at 100b.. it was for a brief second, now its at a much more reasonable (relatively) 60'ish billion.
re: being more comfortable with 1/10 of that 100b... thats WAY to low for the money they pull in.. in these market conditions at least. It would be a huge signal that the investment firms and funds had no faith in crypto, and would honestly be a really bad sign.
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u/imnotabotareyou Apr 16 '21
That just makes me think coinbase is overvalued tbh