Coinbase Twitter

The latest tweets from @CoinbasePro.

  1. Coinbase Twitter Btc 275kkhatri
  2. Brian Armstrong Twitter

Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. The company started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Coinbase Verified account @coinbase Coinbase is the easiest place to buy and sell crypto. Our mission is to increase economic freedom in the world. For support: @CoinbaseSupport. View crypto prices and charts, including Bitcoin, Ethereum, XRP, and more. Earn free crypto. Market highlights including top gainer, highest volume, new listings, and most visited, updated every 24 hours.

Coinbase's initial market cap hit $85.8 billion this week, making it more valuable than some of the biggest American companies.

exchange had a strong debut on on Wednesday, closing at $328.28 per share, according to CNBC.

Shares initially opened at $381 and went up to as much as $429.54 before dipping below their original price. Still, Coinbase's strong showing was reflected in its initial market cap of $85.8 billion, making the cryptocurrency exchange more valuable than General Motors ($84 billion), FedEx ($76 billion) and Twitter ($56 billion).

Related: Coinbase (NASDAQ:COIN) IPO: 3 Things for Investors to Know

Founded in 2012 to facilitate cryptocurrency transactions, Coinbase filed for a listing on Feb. 25. The SEC gave the exchange approval earlier this month to list its Class A common stock on the Nasdaq Global Select Market yesterday, which happened to be the day after Bitcoin hit an all-time high of approximately $63,000.

CNBC reports that Coinbase now has 56 million users — a jump from the 43 million users it had last year. That, in turn, has translated into a record amount of revenue for the company. Last week, Coinbase announced its preliminary first-quarter results and estimated that its revenue during that period had increased nine-fold to approximately $1.8 billion.

According to Business Insider, the cryptocurrency exchange is also currently worth more than twice as much as Chipotle ($43 billion), eBay ($43 billion) and Hilton ($35 billion). But, at lease one billionaire investor isn't buying into the hype for now.

'In the next week, certainly we could have some volatility because of the excitement around Coinbase,' former Goldman Sachs partner and crypto investor Mike Novogratz said recently at a virtual event hosted by MarketWatch and Barron's.

'I’ve seen a lot of weird coins like dogecoin and even XRP have huge retail spikes, which means there’s a lot of frenzy right now,' the investor added. 'That never ends well, and so we’ll probably have a washout [of the broader market] at one point.'

Brian Armstrong is now one of the world’s richest people, thanks to Coinbase’s public debut. Meanwhile, Bill Hwang of Archegos is out $20 billion after his firm’s spectacular implosion.

Welcome to another edition of Business Twitter, where we collect the best tweets to come out of Silicon Valley so you don’t have to. This article is part of a newsletter — if you want a weekly Business Twitter roundup sent to your inbox every Friday, subscribe here.

This week: Brian Armstrong on Coinbase’s public debut, how to build a seven-figure newsletter, tips from billion-dollar startups, and the bizarre story of Bill Hwang and Archegos Capital Management.

Here’s everything you may have missed from this week.

1. Coinbase goes public

1/ Today is a big moment for @coinbase as we become a public company. But it’s also a big one for crypto. This all started with the Bitcoin whitepaper 12 years ago, a deceptively simple 9 page document by Satoshi Nakamoto that ignited a global movement. https://t.co/4pE006XTFP

— Brian Armstrong (@brian_armstrong) April 14, 2021

In a major step forward for crypto, Coinbase is now a publicly traded company on the Nasdaq. After a volatile first day of trading, CEO Brian Armstrong tweeted about the company’s beginnings to mark the occasion.

“The Coinbase journey started when I read the Satoshi whitepaper while I was home for Thanksgiving in 2010,” he wrote. “As I read it, I realized that crypto had the power to unlock a future where economic freedom was a reality for everyone.”

“After reading it, I started coding an early prototype of Coinbase on nights and weekends, and began attending early bitcoin meetups around the Bay Area,” he added. “Eventually I was accepted at Y Combinator and got the courage to quit my job at Airbnb to go pursue this crazy idea.”

Now, Coinbase is valued at $85.7 billion as of its first day of trading, making Armstrong worth an estimated $13 billion.

2. How to build a newsletter

'How 7-Figure Newsletters Make Money'
For the last few weeks, I've been doing this talk, based on 6+ months of dedicated research.
Time to see if it translates well to Twitter. For your viewing pleasure...🧵 pic.twitter.com/LkrZQbNSZq

— Ethan Brooks (@damn_ethan) April 13, 2021

Ethan Brooks, a senior analyst for newsletter startup The Hustle, knows a lot about how to build a successful newsletter. It’s his job to analyze the competition, so he wrote a comprehensive thread to illustrate his findings. If you’re looking to start your own newsletter, don’t look any further.

According to Brooks, some of the most common questions when starting a newsletter include: 'Which kind of newsletter should I build... Paid or free? How niche should it be? What tech stack should I use? How do I scale my audience?”

Brooks wrote that the best strategy for building an audience is to start with a free newsletter, monetized through ads, then switch over to a low subscription price, followed by a high subscription price. As your audience grows and you build trust, they won’t want to leave when you start charging.

Coinbase

3. Billion-dollar startup tips

I've interviewed 5 founders of billion dollar startups.
Here's what I learned:

— Chris Hladczuk (@chrishlad) April 9, 2021

This Yale student’s thread about startup lessons took off after being posted last Friday — even startup guru Paul Graham retweeted it. In the thread, Chris Hladczuk shares 12 crucial lessons five from five unnamed billion-dollar startup founders.

Some highlights include the handy acronym CTFU, or “Catch the F*ck Up.' Hladczuk elaborates: “Startups are about speed. If you don’t have urgency, you lose.” There’s also this brief yet direct tip: “Be short and to the point with important people.”

Hladczuk’s other tips range from who not to take startup advice from, who makes the best startup mentor, and how to recruit the best people for your startup.

Coinbase Twitter Btc 275kkhatri

(Read our Q&A with billion dollar founder Alexandr Wang.)

4. The rise and fall of Bill Hwang

The story of the last few weeks in finance has been the secretive rise and rapid downfall of Archegos Capital Management.
A thread on the underlying mechanics of the Archegos saga and how a $20 billion fortune vanished into thin air... pic.twitter.com/fx8dsaTP74

— Sahil Bloom (@SahilBloom) April 12, 2021

Some of the most informative Twitter threads come from investor Sahil Bloom, and his latest is no different. Bloom takes a closer look at Bill Hwang, the head of Archegos Capital Management, and why it fell so spectacularly last month.

Hwang, a veteran investor, was worth $30 billion at his peak, and his firm’s portfolio was worth around $100 billion. Despite running the firm successfully since its founding in 2012, Hwang couldn’t keep things afloat after Viacom CBS announced a $3 billion stock sale.

Archegos had bought much of that stock, so when Viacom’s share price plummeted, banks swooped in to seize Archegos’ collateral. In short, the firm lost $20 billion and Bill Hwang’s fortune was gone. According to the New York Times, it was the biggest implosion of an investment firm since the 2008 financial crisis.

Bloom took apart the financial processes that went into the collapse, and pointed out one of the more unique aspects of the story: Bill Hwang himself. Hwang, a deeply religious, private man, didn’t fit the typical description of a money-hungry Wall Street type.

Brian Armstrong Twitter

“The complexity of his character adds to the mystique of this crazy story,” Bloom concluded.