You know how coffee is best when it’s either hot or iced, but once it becomes lukewarm nobody wants anything to do with it? That’s about where the crypto markets are right now. Like a fresh cup of coffee, in late 2017 to early 2018 the crypto markets were hot and the more people indulged in them, the more excited – even borderline euphoric – they got about what seemed to many at the time to be a potentially limitless number of new opportunities for finance and technology through the magic of distributed ledgers and digital assets. Now, it’s 2019 and the caffeine buzz is wearing off, causing many companies to rethink their business models. Coinbase, which operates the second-largest U.S.-based crypto exchange in the world, is no exception. (Originally published 5/1/2019 at John Lothian News.)
Matt Raebel's Portfolio