{"id":385951,"date":"2019-06-13T16:07:00","date_gmt":"2019-06-13T16:07:00","guid":{"rendered":"https:\/\/wncen.com\/?p=385951"},"modified":"2019-06-13T16:07:00","modified_gmt":"2019-06-13T16:07:00","slug":"bitcoin-holders-profits-equal-that-of-coinbases-accredited-investors","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-holders-profits-equal-that-of-coinbases-accredited-investors\/","title":{"rendered":"Bitcoin Holders’ Profits Equal that of Coinbase’s Accredited Investors"},"content":{"rendered":"

Bitcoin has returned an equal amount of profits to retail investors than a cryptocurrency startup has delivered to its accredited investors in the past five years.<\/p>\n

The world’s largest cryptocurrency in early May closed above $5,000, which roughly brought its return-on-investment (ROI) up by 40,000 percent since early 2013. In the same time frame, Coinbase<\/a>, one of the world’s leading cryptocurrency exchanges, swelled its Series A funding of $6.1 million to roughly $8 billion, also noting a 40,000 percent jump.<\/p>\n

\"bitcoin,<\/a>
Bitcoin Price Briefly Surged By Over 40,000% Between Early Q1 2013 and Early May | Image Credits: TradingView.com<\/figcaption><\/figure>\n

Marginalized Opportunities but Similar Returns<\/h2>\n

The only factor that differed investments into bitcoin from that into Coinbase was the opportunity. As a US-regulated entity, Coinbase could attract funding from only the elite investors, including investment banks and venture capitalists. On the other hand, Bitcoin, a decentralized payment protocol, remained a free market, where anyone could invest any amount of money.<\/p>\n

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The accessibility allowed Bitcoin to cross borders seamlessly, as it attracted support from hundreds of thousands of people across the world. Specifically, regions undergoing capital restrictions<\/a> (Greece, China), demonetization<\/a> (India), hyperinflation<\/a> (Venezuela, Zimbabwe), or a remittance reform<\/a> (Philippines, India) noted more bitcoin adoption among small scale industries. Furthermore, bitcoin’s underlying potential as a payment\/store of value instrument allowed big investors to integrate the asset in their portfolios.<\/p>\n

At the same time, Coinbase grew exponentially as a service-based startup, expanding into new territories every fiscal quarter and reportedly adding as much as 25,000 users per day. The period also witnessed a surge in the number of daily visitors to the Coinbase official website, indicating that more and more users showed interest in using the exchange. Recorded last in June, Coinbase was attracting about 1.14 million visitors every day.<\/p>\n

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Coinbase Growth Update:
– added ~5million users in the last 6 months, now have 25mil
– average of ~25,000 users\/day is comparable to mid-2017
Data here:
https:\/\/t.co\/R9B63J2d6Q<\/a>#bitcoin<\/a> pic.twitter.com\/MITLacwC5L<\/a><\/p>\n

— Alistair Milne (@alistairmilne) October 3, 2018<\/a><\/p><\/blockquote>\n