On the Eve of Coinbase Day, New ATH for BTC and ETH

Happy Tuesday, Blockfolians

The Lede

Tomorrow is Coinbase’s direct listing on the NASDAQ! To mark the occasion, both BTC and ETH decided to hit new all time highs. At press time, Bitcoin is hovering around $63,000 while Ethereum is at $2,300.

There’s no denying the excitement in the market, although some are reasonably wondering whether the setup is even a little too perfect.

Are we on the verge of the next leg up, a retail mania, or something rather underwhelming instead?

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Highly Relevant Reading

  • Time puts Bitcoin on the balance sheet

  • ConsenSys raises $65M from UBS, Morgan Stanley, Mastercard and more

  • Stacks creates a $4M accelerator for teams building on Bitcoin

  • A positive argument for engaging with Bitcoin from a Republican leader


Community Commentary

Essential macro context
Heckuva schedule

A Really Big Number We Should Be Paying Attention To

$150,000,000

That’s the revenue Nvidia estimates from Crypto mining products in Q1


Final Thought

NOT FINANCIAL ADVICE