Thank you for your update. Your thoughts are very insightful and helpful. Regarding Coinbase, I would like to respectfully state I think you are dead wrong. I think being on Coinbase/Gemini is equally important, if not more important than product development or successful marketing to the future of the ICX ecosystem. The current increase in value for crypto is not being driven by retail investors in this cycle. Institutions (particularly USA-based) are currently driving investment growth and network effects and will continue to be the predominant driver of growth over the next couple of years. Currently, 10's of $bn are flowing into crypto through the regulated exchanges (and Fidelity) as institutional investors have limited on-ramps vs. individual investors. Institutions like to move in herds and will follow where established paths that have been created and blessed by regulators. MSTR has used Coinbase to purchase $1bn of BTC ($3bn today) and countless other institutions have followed suit. If we assume the flow of fiat into Crypto will increase from 10's of $bn's to 100's of $bn's, I predict the majority of these funds will flow through these two exchanges. A Coinbase IPO will bring new investors into the on-ramp fold and most new crypto investors will utilize the exchange they have a stake in. In my research, the cross-pollination of executives from Wall Street to Coinbase/Gemini is a factor of 10x vs. the other platforms out there. You are correct that being on Coinbase will not do much for the price of ICX in the short term, but over the longer-term cycle, it may determine whether the value creation of ICX will move up by 10x or 100x or more.
Thank you for your update. Your thoughts are very insightful and helpful. Regarding Coinbase, I would like to respectfully state I think you are dead wrong. I think being on Coinbase/Gemini is equally important, if not more important than product development or successful marketing to the future of the ICX ecosystem. The current increase in value for crypto is not being driven by retail investors in this cycle. Institutions (particularly USA-based) are currently driving investment growth and network effects and will continue to be the predominant driver of growth over the next couple of years. Currently, 10's of $bn are flowing into crypto through the regulated exchanges (and Fidelity) as institutional investors have limited on-ramps vs. individual investors. Institutions like to move in herds and will follow where established paths that have been created and blessed by regulators. MSTR has used Coinbase to purchase $1bn of BTC ($3bn today) and countless other institutions have followed suit. If we assume the flow of fiat into Crypto will increase from 10's of $bn's to 100's of $bn's, I predict the majority of these funds will flow through these two exchanges. A Coinbase IPO will bring new investors into the on-ramp fold and most new crypto investors will utilize the exchange they have a stake in. In my research, the cross-pollination of executives from Wall Street to Coinbase/Gemini is a factor of 10x vs. the other platforms out there. You are correct that being on Coinbase will not do much for the price of ICX in the short term, but over the longer-term cycle, it may determine whether the value creation of ICX will move up by 10x or 100x or more.