Coinbase reacts to DOGE by saying Nasdaq-listed Cryptocurrency exchange

Coinbase reacts to DOGE by saying Nasdaq-listed Cryptocurrency exchange

Cryptocurrency News
July 18, 2021 by Delnia
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Coinbase reacts to DOGE by saying Nasdaq-listed Cryptocurrency exchange

Can Nasdaq-listed Cryptocurrency exchange happen? For those who feel that governmental solutions are frequently “inefficient, overpromise, or underdeliver,” crypto offers a much-needed breath of fresh air,” according to Brian Armstrong.

Brian Arm.strong, the co-founder, and CEO of Coinbase, a Nasdaq-listed Cryptocurrency exchange, took to Twitter to respond to Jackson Palmer, the co-creator of Dogecoin (DOGE), who recently attacked cryptocurrencies.

Armstrong addressed some of the most important benefits of cryptocurrencies like Bitcoin (BTC) on Thursday, emphasizing that crypto is “merely providing an alternative for folks who seek greater freedom.”

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Coinbase’s COIN stock trading on Nasdaq-listed Cryptocurrency exchange

The early Cryptocurrency price movement from Coinbase’s Nasdaq-listed Cryptocurrency exchange stock offering indicates an explosive reaction from traders.

After weeks of anticipation after Coinbase’s direct listing announcement on the Nasdaq, trading on the COIN stock has already commenced.

COIN began trading substantially higher than Nasdaq’s $250 reference stock price before the market opened, soon climbing to about $430. However, within the first few minutes of trading, the price plummeted and is now trading at $381 at the time of publishing.

Despite this, COIN is up around 55%, valuing the US Crypto exchange behemoth at well under $100 billion. According to early volume data from Binance and FTX, Crypto traders are enthusiastic about COIN exposure. Do you want to know more about the Nasdaq-listed Cryptocurrency exchange? So stay with Antidolos Blockchain news until the end of this article.

Users can swap Coinbase shares for Stablecoins on both cryptocurrency exchanges. Coinbase’s pre-IPO tokenized equity price on FTX has plummeted from $643 to $410 at the time of writing.

Sector experts have said that Coinbase’s Nasdaq listing is a “watershed” moment for the crypto market as a whole, as Cointelegraph previously reported. COIN has even been compared to Bitcoin (BTC) in popularity both within and outside of the cryptocurrency sector.

Meanwhile, the present positive trend in the Cryptocurrency market has persisted for another day, with the overall market capitalization up 4% in the previous 24 hours.

The CEO position in the Crypto sector

The CEO stressed that one’s position in the crypto sector is dependent on one’s perspective, adding that those who prefer greater regulatory oversight from financial authorities are free to use the old currency system. For those who feel that government solutions are frequently “inefficient, overpromise, or underdeliver,” Crypto offers a “much-needed breath of fresh air,” according to Armstrong.

Traditional investing instruments, according to Armstrong, are often connected with a lack of options for smaller investors, citing constraints such as accredited investor laws:

Accredited investor legislation is an excellent example. They were developed with the greatest intentions to safeguard ordinary people against con artists – a great goal. But what was the actual outcome? They’ve frequently made it unlawful to get wealthy through investing unless you’re already wealthy.

Unlike other traditional investment products, cryptocurrencies such as Bitcoin did not need early investors to be accredited by any financial body, making them an appealing prospect for individual investors. Armstrong stated,

This is one of the reasons why Bitcoin has made so many people rich. So, the Nasdaq-listed Cryptocurrency exchange is reachable. Because it was not a security, ordinary people were able to invest early on.

The result of Nasdaq-listed Cryptocurrency exchange

As a result, Armstrong concluded that crypto provides “wealth mobility and more equality of opportunity for all,” emphasizing that everyone may select the system that best suits them. “Crypto will not reduce wealth disparities – it is not aiming to accomplish the same objective for everyone,” he went on to say. Coinbase is recognized for its “no fees” policy, which is in line with its aim to “create an open financial system for the world.

Palmer, who founded Dogecoin as a joke in 2013, came to Twitter earlier this week to slam the whole crypto sector, claiming that it is an “inherently right-wing, hyper-capitalistic technology“. It is intended for “tax evasion, less regulatory scrutiny, and artificial scarcity.” Palmer warned in 2018 that the sector is “rapidly racing toward an oversaturation of Nasdaq-listed Cryptocurrency exchange ” to the point that the value and utility of the coins “inversely approaches zero.”

As previously reported, Dogecoin has become one of the most popular cryptocurrencies this year, rising 392 percent in Q2 2021 to become the top-gaining digital asset.

Michael Saylor doesn’t think Bitcoin is ‘going to be Nasdaq-listed crypto exchange

The CEO of MicroStrategy believes Bitcoin is a kind of property and points out that other forms of property pose no danger to the US government. And also he thinks the Nasdaq-listed Cryptocurrency exchange is not an exchange.

According to MicroStrategy CEO Michael Saylor, Bitcoin (BTC) is more like digital property than digital cash. He interviewed on the Coin Stories podcast with Natalie Brunell on July 15th. When asked if Bitcoin posed a threat to the US currency, Saylor responded, “I don’t think so.

It’s a digital property. That‘s a threat to property; it’s especially a threat to other types of property,” says the author. Property is gold, and property is real estate.” I don’t believe real land, buildings, corporations. Or gold poses a danger to the US government.”

Saylor also remarked on Scott Melker’s Wolf of All Streets podcast earlier this week that “I don’t think that Bitcoin is going to be a currency in the United States ever. Neither do I believe it should be.”

And what it’s doing is demonetizing other types of property,” he said. Explaining that individuals are now debating whether to buy Bitcoin rather than traditional assets like real estate, stocks, establishing a business, or purchasing gold.

Nasdaq-listed Cryptocurrency exchange holding Bitcoin

MicroStrategy has been slowly building up its Bitcoin holdings since August 2020. And it now has 105,085 BTC, which is worth about $3.3 billion at today’s rates. Even if Bitcoin collapses in the short term. Saylor informed Brunell that MicroStrategy has no intention of selling and prepar for future volatility.

He stressed the need for holding through market downturns and FUD. Citing industry titans such as former Microsoft CEO Steve Balmer. Who didn’t sell his shares when the price fell in the past:

Saylor also noted that “If you do not want to run a company for ten years. Do not even consider owning it for ten minutes.” As well as the fact that Amazon’s stock had rebounded from 80 percent drops in the past.

Sum-up

One iPhone 12 will be worthless after a hundred years. Therefore, the product Apple is selling won’t last 1,000 years. Bitcoin is selling a fraction of a millionth. That doesn’t have to alter; it simply needs to stay the same,” he explained.

However, the MicroStrategy CEO stated that if Bitcoin’s price is lower in four years than now. He would have to reassess his approach.

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References:
https://cointelegraph.com/news/crypto-offers-more-freedom…

https://cointelegraph.com/news/michael-saylor-doesn-t-think…
https://cointelegraph.com/news/coin…base-s-coin-stock…

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