Coinbase IPO: Bitcoin investors must expect more government scrutiny of crypto
Bitcoin investors should be braced for – but not put off by – “much greater government scrutiny,” warns the boss of one of the world’s largest independent financial advisory and fintech organizations.
The warning from Nigel Green, CEO and founder of deVere Group, comes on the day Coinbase, the biggest cryptocurrency platform in the U.S., prepares for its public debut.
It launches its initial public offering (IPO) on the Nasdaq under the symbol COIN starting on Wednesday.
On Tuesday on the deVere Crypto app, Bitcoin, the world’s largest cryptocurrency by market capitalization, hit all-time highs of $64,000.
Mr Green says: “Coinbase’s direct listing is a truly momentous day for the cryptoverse.
“Should it hit its private market valuation of $100 billion, it would immediately become one of th...