Dear Reader,
Up until now, the only relatively direct way to invest in cryptocurrencies is to buy Bitcoin and cryptocurrencies directly.
Now there is an alternative route to invest relatively directly in cryptocurrencies through listed stocks. Coinbase, the cryptocurrency exchange platform, is one relatively direct way to invest into a business whose cash flows depend directly on the prices and development of cryptocurrencies. Currently Coinbase is valued at 65.44 bln. USD by investors on the Nasdaq bourse.
Soon Robinhood Markets, the cryptocurrency and stocks broker will go public. According to various news sources and Robinhood's founder Vladimir Tenev himself, "Robinhood is a crypto company", which probably means that the largest portion of Robinhood Markets' revenue comes from cryptocurrencies brokerage.
A less direct way to invest in cryptocurrencies is to buy the stocks of computer chips producer AMD or the computer software maker Microsoft. Both companies stand to benefit from the cryptocurrency mining boom.
If the prices of cryptocurrencies continue going up, Coinbase will attract even more customers eager to make multiples of their initial investment. Robinhood financial, actually, gives loans to individuals who invest in cryptocurrencies and thus actually Robinhood directly invests in cryptocurrencies.
What is more, Tesla and Square now accept Bitcoin as payment for Tesla's electric vehicles and Square's financial services products. Thus both Tesla and Square participate directly in the cryptocurrencies market by holding Bitcoin on their balance sheets.
I estimate the intrinsic value of Coinbase and Robinhood Markets is 70 billion USD and 14 billion USD respectively.
Actually, I think the value of the cryptocurrency market can go from 2 trillion USD currently to 200 trillion USD in the long run with the world's GDP being around 80 billion USD. The main reason I make such a bold forecast is the fact that Bitcoin functions relatively well as a means of payment and it turns over multiple times and thus the cryptocurrency market value could exceed world's GDP many times.
All in all, if governments do now outlaw cryptocurrencies, the efficiencies that cryptocurrencies provide could change profoundly many sectors of the economy like finance, real estate, cloud computing services, information storage, information technology etc.
Basically, barring a black swan or unforeseen high impact negative event, I believe Bitcoin and other cryptocurrencies stand to flourish.
Disclaimer: The blogposts and comments on this blog and posts on social networks(Twitter, LinkedIn, Facebook etc.) are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is".
Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blogposts on this blog and posts on social networks.
Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
Respectfully yours,
Petar Posledovich
1 comment:
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