Coinbase Gearing Up for its next Move

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Coinbase Gearing Up for its next Move

HardyJenny
2023-10-24

$Coinbase Global, Inc.(COIN)$ Bitcoin is a hedge against central bank balance sheet expansion. It goes up and down in tandem with the global liquidity cycle. And mature markets are in so much debt their central banks have to print money to monetize government debt to allow GDP growth to service private debt. Otherwise secular deflation happens.

Hedge funds and large institutions know this. They just can't get exposure without that Bitcoin ETF. The macro-economist Raul Pal at Global Macro Investor has been building a crypto hedge fund, and he says the phone rings off the hook with other hedge funds wanting to know how to get in the game.

There's real money coming into this space when that ETF gets approved. BTC is like, what? Like 500B market with about 100B trading? Adding an extra 30B will move the price needle. Adding an extra 300B will move the price needle a lot. And the bigger the market gets, the more large players can enter, and the more liquidity goes up.

# BTC surged to $35000! Buy crypto stocks or spot ETF?

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Buy crypto stocks or spot ETF?","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":4f95a978cff44235b65e415c2afaa782}&rnconfig={\"headerBarHidden\": true}","description":"Bitcoin leapt more than 10 per cent in the past 24 hours to $35,000 on rising speculation that US regulators will approve stock market funds that invest directly in the cryptocurrency.\n------------------\nWill you invest in bitcoin-concept stocks?\nOr wait for the approval of bitcoin spot ETF?\nWill Bitcoin go higher on this anticipation or pull back?","image":"https://community-static.tradeup.com/news/8ea1bb1dda1e03bfa6a69aac57903d84"}],"images":[{"img":"https://community-static.tradeup.com/news/86fbfd2aa918e01b11432201cefd9e9c","width":"1268","height":"452"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/86fbfd2aa918e01b11432201cefd9e9c","width":"1268","height":"452"}],"title":"Coinbase Gearing Up for its next Move","extraTitle":"","html":"<html><head></head><body><a data-mention-id=\"COIN\" class=\"teditor-mention\" data-mention-name=\"Coinbase Global, Inc.\" href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a> <v-v data-views=\"1\"></v-v>Bitcoin is a hedge against central bank balance sheet expansion. 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Otherwise secular deflation happens. Hedge funds and large institutions know this. They just can't get exposure without that Bitcoin ETF. The macro-economist Raul Pal at Global Macro Investor has been building a crypto hedge fund, and he says the phone rings off the hook with other hedge funds wanting to know how to get in the game. There's real money coming into this space when that ETF gets approved. BTC is like, what? Like 500B market with about 100B trading? Adding an extra 30B will move the price needle. Adding an extra 300B will move the price needle a lot. 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