Meltem Demirors Depicts Coinbase IPO As Biggest Event Of 2021
Last Updated: 15 April 2021
CoinShares’ Meltem Demirors has said that Bitcoin allows different investors to accumulate wealth. Bitcoin hit yet another record high on Tuesday, trading above $63,000.
Demirors’ Take On Coinbase Listing
According to the crypto strategist who spoke on CNBC’s Squawk Box, Bitcoin has created much wealth for people who weren’t part of the traditional financial system.
Demirors, who said she got into Bitcoin when it was barely 150 per coin, made these comments one day before Coinbase’s Nasdaq debut.
The CoinShares CSO said Coinbase’s public debut on Wednesday was a major milestone in the crypto world, making thousands of crypto lovers multimillionaires and billionaires. She noted that these crypto enthusiasts would probably take some of their listing proceeds and continue to invest in the crypto ecosystem.
Bitcoin: Is tighter scrutiny likely?
As bitcoin’s price continues its breakneck rally, tighter rules may be on the horizon, depending on who forms Joe Biden’s new team.
Kelvin Ong | Financial writer, Singapore | Publication date: 2020-12-30T01:40:35+0000
Bitcoin price climbs back above US$27,500 on Wednesday (30 December 2020) after paring gains a day earlier
The cryptocurrency and its peers have attracted swelling interest, shattering price records in recent months
However, there could be stricter oversight of the nascent cryptocurrency industry in the US
Proposed rules include requirements for traders to disclose their identities
Bitcoin price seesaws after winning streak
Bitcoin s price dropped to as low as US$26,111 at about 13:14 GMT+8 on Tuesday (29 December 2020).
WEFâs crypto council explores utility beyond âprice speculationâ in inaugural review The working group sends a strong signal that cryptocurrencies are becoming a permanent fixture in the global financial system. 5326 Total views News
The World Economic Forumâs cryptocurrency working group published its inaugural review on Thursday â its first step in communicating the application of digital assets in finance and beyond.
In a 38-page report, the Forumâs Global Future Council on Cryptocurrencies highlights the various use cases of digital assets âbeyond price and speculation.â The foreword, written by CoinSharesâ Meltem Demirors and Visaâs head of crypto Cuy Sheffield, states: