This story was originally published here.
The bull move in bitcoin since October has been sizzling. The price has gone from about $7,500 to $23,395. Consider that bitcoin is trading now at all-time highs.
And there is a company that has benefited quite nicely from this: Coinbase. The company is the largest broker and custodian for cryptocurrencies in the U.S.
Coinbase also recently filed for an IPO (Initial Public Offering). Assuming bitcoin and other cryptocurrencies do not suddenly nose dive – which is certainly no guarantee with this volatile market – this offering should be one of next year’s hottest deals. Keep in mind that it will be the only pure-play way for investors to get exposure to this asset class via public markets.
Then what might this IPO mean for bitcoin? Let’s take a look… Story continues here.
Sponsored:
BIG Announcement That Could Impact My Readers
Hello Reader,
I’ve got some big news to share with you today.
Over the last few months, I’ve been working on a brand-new crypto project.
It’s not like anything I’ve done in the past.
I’ve teamed up with my good friend Charlie Shrem to form the world’s first Crypto Investor Network research service.
If you’re not familiar with Charlie’s resumé, I think you’ll be impressed.
And he’s personally worked on crypto projects that saw extraordinary gains as high as 1,655% and 3,800%.
So… why form this network now?
Well, blockchain technology — which is the underlying technology behind cryptocurrencies — is becoming a bigger part of our lives with each passing day.
Charlie and I both believe blockchain is about to hit a major inflection point…
And that the small blockchain companies who are addressing major needs in the world are going to absolutely soar.
In fact, we just found four altcoins that are poised for a major breakout.
We predict these four altcoins will blow past the coveted 1,000% mark over the next 12 to 24 months.
These altcoin recommendations are part of our brand-new research service.
If you want to learn more about the bitcoin awakening… the four altcoins that I think are screaming buys right now… and how you can join my new Crypto Investor Network…
Then watch this video Charlie and I just recorded.
Talk to you soon,
Matt McCall
Senior Investment Strategist, InvestorPlace
