COINBASE IPO: WATCH THIS BEFORE YOU INVEST IN COINBASE!
Hey there, it’s Mike Swigunski here and I’m the founder of global career and best-selling author of Global Career: How to Work Anywhere and Travel Forever.
What if you could go back in time and invest in a company like Apple, Amazon, or even Tesla? Would you do it, and how much would you invest? There’s some interesting stuff happening right now, and on April 14th, you might have the chance and the opportunity to invest in one of these hyper-growth companies, and the company I’m talking about is coin base, so they’re going to be having a direct listing which is going to be happening on April 14th, and I am extremely excited about this. I’m going to personally be investing quite a bit of money in this direct listing because they have a lot of big strengths going for them. In this video, I’m going to discuss some of the top reasons why you should consider investing in coin base come April 14th, and we’re getting started right now.
Hey everyone, so I was looking at my youtube analytics. I noticed that a big portion of people isn’t subscribed, so if you have a second make sure to go ahead and click that subscribe button just down here, click that and then click that bell notification icon to turn on all notifications now before we start this video off I want to preference this that this is not financial advice I’m just some guy on Youtuber make sure you perform your own due diligence and research before making any financial decisions so invest people carefully this is not financial advice. Hence, starting off what exactly is coin base so if you’re familiar with Robinhood weeble Charles Schwab investing any of those big investment companies coin base is very similar. Still, just for cryptocurrencies like bitcoin Ethereum and you can buy multiple different types of cryptocurrencies through their exchange, it’s one of the largest exchanges in the world.
I found a very interesting comparison of the number of assets under management. For example, Robinhood has around 20 billion, but the coin base has more than 90 billion assets under management, and I thought that number was just astounding. They’ve really just gone ahead really taking the lead for having the first-mover advantage for having a huge portion of the market share, so I personally use coin base, and if you stick around to the end of this video, I’ll give you free bitcoin for everyone who stays to the end so make sure you’re going to stick around for that, so I just want to share one of the things I’ve used coin base a lot. It’s such a great user interface that it’s really easy to get started. It’s simple to figure out there’s not a steep learning curve. Many people in the crypto space might not love coin base because the fees are a little bit higher, but because of the ease of use because how simple it is, I’m able not to waste a lot of time. I think these fees are well justified.
I think it’s essential for cryptocurrency to become more mainstream is they need exchanges like this where somebody in their 50s or 60s or even above isn’t as technical savvy is able to use this interface and figure it out, so coin base is a necessary platform, and they’re going to really be an interesting company to invest in into 2021 potentially and beyond and another thing that I absolutely love about coin base is a lot of people talk about this digital gold rush and the miners during the gold rush, most of them did not get any wealth. They didn’t find any gold, and I think the big analogy is during the gold rush, you want to be selling the shovels and not looking for gold, and this is that exact scenario where coin base is selling the shovels coin base is helping people buy and sell cryptocurrency, and essentially they’re making a lot of money along the way.
But it’s in a way that’s a win-win for both sides because of the really easy user interface because of their great features and their apps and also their security. They are kind of one of the first crypto exchanges to go mainstream to kind of follow the books go through a lot of this red tape. I really think they’re paving the way for cryptocurrency to really kind of push ahead, so I’m very excited about the coin base IPO. I just wanted to share a few other statistics with you, and I’ll go ahead and link tries to link all these articles I discussed below in the description i found this absolutely mind-boggling in 2020. Coin base had around 1.3 billion dollars in revenue in 2020, but in 2021 q1 alone had more than 1.8 billion dollars just in q1. Hence, it just goes to show how fast this company is growing. Their profit margins are crazy high because they don’t need a lot. They’re not selling any physical goods. They’re selling digital services with very high-profit margins, so they’re going to be making a ton of money on this on that 1.8 billion dollars compared to many other companies.
Again, I almost think this is like all these other big tech startups like apple like uber, where they’re not necessarily selling a physical item. They’re selling a service, and they’ve really created a competitive advantage over other services, so they’ve got a ton of different users. They’ve got more than 56 million users their monthly transacting users is around 6.1 million, so that’s people that are actively trading every month and the assets under management 90 billion for coin base the second biggest competitor is binance which is 35 billion another big one is Kraken which is two billion and then comparatively is robin hood which offers some crypto and mostly stocks though I believe when you buy through robin hood, you don’t actually own the crypto. You’re essentially just renting it, and they’re holding it on your behalf where you buy through coin base. You actually do own the keys. You own the crypto, you can move it off the platform, and one thing I want to say is I don’t recommend storing your crypto on any exchanges. I think it’s probably safe to have a few thousand dollars, but anything more than that, it’s probably best to go ahead and move that into a cold storage wallet like a ledger nano or a treasure.
Just a few last things to note, I found that the profit margins for the coin base will be around 30, which is astounding. That’s such a big number of profit. Over time, they’re going even to increase us because a big portion of that has probably been reinvested into the company for growth for marketing and for expanding that user base and just maintaining servers and stuff like that. One of the last things I want to note is I love the stock ticker coin. There’s a lot of data behind people just essentially buying stock tickers based on how cool they sound like the stock ticker does actually matter. It has a psychological impact on people investing in it, and I love the coin stock ticker and again, mark your calendars for April 14th. You’re going to want to grab this early because I think this is really going to boost in price, and one thing last thing to note is they haven’t publicly announced how much one share is going to cost. I think it’s probably going to be around a hundred dollars per share, but we’ll have to wait and find out what I get.
Again I’m curious to see if you’re watching this video. Leave a comment below. I’m curious to see what people think the stock price will be a lot of people are coming out with predictions, but again it really hasn’t been determined yet. I will definitely be grabbing some of this stock when it goes public on April 14th. Now leave a comment below predicting what you think the stock price will go at, and if you’re going to pick some up or not, let me know why and I just wanted to add one more thing if you stayed around this long, I’m going to put a link in the description on how you can get 10 in free bitcoin from coin base and how you can get up to 250 in free bitcoin, so make sure you find those links below you’re going to want to pick up that free bitcoin today as soon as possible. Lastly, if you made it this far, please consider subscribing. I’m putting out two new videos every week, and make sure you turn on the bell notification icon to get alerted about each new video. Take care and have a wonderful rest of your day.
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