If Coinbase focused ONLY on #bitcoin (instead of pumping thousands of VC shitcoins to retail) they could have still operated a highly profitable bitcoin-only business while stacking sats on their balance sheet like #MSTR.
Dumping shitcoins on retail is peak fiat mentality. 
nostr:note100acw23zlzyg53jz8sk7658y9ucygyml6y06pqyc76skpxawt29sju397s
NGMI
I’m paying attention to fartcoin
Relative strength here… 🤣
They are retards
It’s not a popular opinion but $COIN will be the JPM of the cryptocurrency ecosystem as it eats traditional banking, lending, and investments.
If you compare their tentacles and make up to JPM’s structure between 1900-1920. They look very much alike.
The one thing I think gets really overlooked is Base.
If we believe the 21st century is the era of internet money there is no denying #Bitcoin is the base, commodity-like asset. BTC is the asset all digital banking will be priced off of. However, just like people frowned on Amazon & AWS in the age of the internet’s rise with cloud infrastructure, people are frowning on Coinbase & Base as the rise of monetary infrastructure is being rebuilt to better distribute liquidity globally.
In the age of internet money, Base = AWS, IMO.
In the future all companies will need financial integrations (API-money) and connections similar to how all S&P 500, et el, eventually realized they needed TCP/IP connections, websites, and social apps. It’s part of a complete infrastructure overhaul.
The barrier to money will be broken in a similar manner to how the barrier to information was broken with the Internet. I believe it will provide similar growth (GDP) and be as disruptive as the breaking of the barrier to information.
Money always changes at critical juncture’s but banking basics generally stay the same.
Happy to chat more if interested.
Sound asset > margin / lending > leverage; repeat.
