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❓ASK Is listing of Coinbase Stock responsible for rise in bitcoin ?

Josemendez

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With the listing of Coinbase Stock ( COIN) in Nasdaq exchange, the price of bitcoin was seen to soar above $63k . Some people believe that coinbase stock listing was part of the cause . The question then is , can a stock market affect the price of bitcoin ? , If yes , how is then that Tesla that has been in existence for long was not able to pull Bitcoin ?
 
The price of coinbase shares fell on first day of being listed on the market. No new shares were issued for investors , only those already held by coinbase founders as far as I am aware.
 
The price of coinbase shares fell on first day of being listed on the market. No new shares were issued for investors , only those already held by coinbase founders as far as I am aware.
An Ascension was expected with this news, but there was a small decline as you said. At first, we can say that it does not have a positive effect on the Bitcoin price.
 
I think it rise higher because there were speculations of price increase ,and many people make use of new information before investing on crypto
 
The price of coinbase shares fell on first day of being listed on the market. No new shares were issued for investors , only those already held by coinbase founders as far as I am aware.
You mean that no new investor was given the greenlight to buy a stock from the famous coinbase stocks ? , I doubt that. The reason behind it's listing was to help get more people into it
 
You mean that no new investor was given the greenlight to buy a stock from the famous coinbase stocks ? , I doubt that. The reason behind it's listing was to help get more people into it
I dont understand the statement ,because it was listed on the stock market then for people to buy ,and listing it was to get people to invest more in the coin even binance patform listed it too
 
Yeah. I think it is that after the listing on the NASDAQ of coinbase, bitcoin pumped. however, Coinbase is the first crypto company that goes public. Its a great step that crypto companies are live so that this news and updates affect the bitcoin price.
 
Yeah. I think it is that after the listing on the NASDAQ of coinbase, bitcoin pumped. however, Coinbase is the first crypto company that goes public. Its a great step that crypto companies are live so that this news and updates affect the bitcoin price.
They went public because they are more focused on developing their site and gaining more popularity ,i hope binance token is also launched
 
I dont understand the statement ,because it was listed on the stock market then for people to buy ,and listing it was to get people to invest more in the coin even binance patform listed it too
I guess he was only posting for points because there is no rationale in his comment. Stock came to cryptocurrency to get more audience
 
I guess he was only posting for points because there is no rationale in his comment. Stock came to cryptocurrency to get more audience
I dOnt even get his point, people concerns are more focused on crypto since they see the potential it got ahead of some stock,and if time evolve there would be more focus in crypto without laying more emphasis on stock
 
I dOnt even get his point, people concerns are more focused on crypto since they see the potential it got ahead of some stock,and if time evolve there would be more focus in crypto without laying more emphasis on stock
Exactly , so Tesla saw this and this is why Tesla has now made their stock available in cryptocurrency form ,so that it will get people attention
 

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