"Coinbase generated $141 million of net income on $691 million in revenue for the first nine months of 2020, according to documents shared with investors."
Though 2021 will be higher, will it be 20x higher?
Though 2021 will be higher, will it be 20x higher?
I don't know if it will be 20x higher either. Just saying, this makes more sense than say, Zoom, which trades at $120B mcap.
I dont think the volumes will last, but if you look at volumes today and extrapolate further growth, then sure $100B makes sense.