In the “First Mover” interview, Todaro predicted that Coinbase trading volumes for its second quarter (ending June 30) should be the poorest second quarter since the exchange started trading publicly in 2021. But he said July volumes “are okay,” and that investors should already have priced in the company’s Q2 issues. “Folks should start looking at what’s coming up,” including next year’s bitcoin halving, “which is historically coinciding with higher crypto prices, ETF applications and a little bit more of a positive view on regulation,” he said, and described the exchange as “the only kind of adult left in the room at the exchange level.
Related posts
-
Bitcoin Sentiment Enters Danger Zone: Investors Now Extremely Greedy
Data shows the Bitcoin investor sentiment has entered extreme greed territory following the asset’s surge to... -
Bitcoin remains ‘niche phenomenon,’ Swiss central bank says
Despite the substantial growth of crypto prices in recent years, Switzerland remains wary of virtual currencies,... -
Block Inc. shifts focus to Bitcoin mining amid plans to sunset Web5-focused TBD
Jack Dorsey founded payments firm Block Inc. is pivoting its focus towards the cryptocurrency mining sector....