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105 sats \ 10 replies \ @grayruby 13 Aug \ on: Crypto Exchange Bullish Prices IPO at $37 per Share, Above Expected Range Stacker_Stocks
Definitly what the world needed. Another shitcoin casino.
What makes this one different than the other 50? All the crypto people rushing for their fiat bags before the music stops.
I had no idea this company existed until it popped up on my Robinhood app 😂
It seems that at least with them they are seeing how these IPO’s are taking off and so they are raising their prices accordingly.
I just googled them and somehow they own CoinDesk?!?! I'm bamboozled by thay
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Yeah they are backed by Thiel just googled it! It looks like Bullish is more for institutional clients than your regular folks… they have done $1.25 trillion in trading volume….
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More competition for Coinbase. Banks will be in that game soon too. All these legacy crypto companies and projects (like ethereum) have a moat and inertia right now but it is going to be tough for them to sustain their (being polite here) lofty valuations with the coming competition. I saw circle is building their own layer 1, and Stripe is using their own database for stablecoin payments, robinhood doing real world asset tokenization but not on ethereum. All these eth proponents saying it should be worth 10x because the entire new finance landscape will be built on top seem wrong again.
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Yeah it’s going to cannibalize itself. Just the marginal buyer of this crap is long gone.
But this IPO is a traders dream you can pump your bags via suckers looking to speculate
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All these people arguing stablecoins are going to save eth. Stablecoins aren't really necessary in the US other than to crypto trading and if they did become a thing for payments people are going to use what existing tech they already use like Stripe, Venmo etc or their banks for that matter.
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The only thing stables improve in US is settlement and sending money outside of normal business hours.
The problem comes in when so many different stables aren’t compatible with whatever bank/exchange you are using so I can see banks charging a fee to swap from RobinhoodUSD to USDC-polygon
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Hahaha this one is different it’s backed by Peter Thiel
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Yeah sad but true. The only thing I give a silver lining to shitcoiners is that donate gobs of money to the defense of some of these developer prosecutions.
But they got gobs of money to play the political fiat game
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