Coinbase Global Inc, the cryptocurrency exchange could surpass its all time high of 342.98 USD achieved on 12 November 2021, according to Wolfteam Ltd.'s projections and estimates.
Bitcoin's price could surpass 100 000 USD in 2024, a record high, in Wolfteam Ltd.'s view, which will drive up the prices of all major cryptocurrencies and even more obscure cryptocurrencies to record highs.
These possible developments will increase the trading fees revenue for Coinbase, because higher cryptocurrencies prices will bring new investment flows and cryptocurrencies trades from existing and new cryptocurrencies investors. The Bitcoin, cryptocurrencies trading volumes that are routed through Coinbase could increase exponentially, if more hedge funds and asset managers start to enter Bitcoin, cryptocurrencies investments. Bitcoin, cryptocurrencies' low liquidity is what deterred hedge funds and asset managers up till now, but higher Bitcoin, cryptocurrencies prices will translate naturally into higher liquidity.
All these possible developments will turn into probable higher revenues and profits for Coinabse, increasing the fundamental investor base for Coinbase, which could drive the company's stock price and market capitalization to record highs.
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