Coinbase makes $2,000 every MINUTE!
The most prominent website for buying Bitcoin recorded $1 billion dollars in profit last year. That is 66 percent more than they had projected, and I would expect them to continue to do just as well if not better as the demand for cryptocurrency steadily grows.
$1 billion per year breaks down to $2.7 million dollars every single day, or $2,000 every minute. That is hard to fathom, and almost all of that profit comes from the transaction fees.
Coinbase is currently a private company, but they are expected to eventually go public, and I think that could be a very good thing for the cryptocurrency market. It would raise exposure to the older people that are still unaware of crypto or afraid of it's legitimacy.
Coinbase is the most reliable website for buying or selling Bitcoin, Litecoin, and Ethereum.
I knew how wildly popular Coinbase was, and I knew that this was a record year for cryptocurrency volume, but I had absolutely no idea that Coinbase would be pulling in this type of profit. Hopefully this news will hit the mainstream and open the eyes of some of the "old school investors", informing them that there is serious money to be made in the world of crypto!
When do you think Coinbase will have an IPO? Tell me that and any other thoughts on Coinbase in the comments.
To the moon,
