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Currently Coinbase is valued at approximately 70 billion USD on public markets.
I estimate the following intrinsic value for Coinbase based on a prospective price for Bitcoin:
1) Bitcoin at 100 000 USD -> Coinbase is worth 120 billion USD
2) Bitcoin at 200 000 USD -> Coinbase is worth 250 billion USD
3) Bitcoin at 350 000 USD -> Coinbase is worth 340 billion USD
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