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bitcoin bigger than coinbase ipo
Nexo Logo

VanEck Director Hints At Something Coming To Bitcoin Bigger Than Coinbase IPO

Tony Spilotro by Tony Spilotro
2 years ago
in Bitcoin, Cryptocurrency news
Reading Time: 2 mins read
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A discussion recently broke out on crypto Twitter speculating about the importance of the upcoming Coinbase IPO and its impact on Bitcoin and the greater cryptocurrency industry. And while there’s no denying the significance of a stock market listing for one of the most recognizable crypto brands in the world, another finance exec has been hinting at something potentially “bigger” that’s on the way. But what could it be?

How The Coinbase IPO Could Be A “Huge Catalyst” For The Cryptocurrency Market

The cryptocurrency market is just about thawed completely from its long bear market and crypto winter. Trends are blossoming once again, investors are seeing green, and interest is slowly returning.

DeFi is definitely helping things along, as is Bitcoin retaking $10,000 and holding above it strong thus far. But could the magic from the last bubble with Bitcoin suddenly on everyone’s minds and an explosion of new money happen yet again?

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Related Reading | Easy Money? Coinbase Crypto Coins Grow Over 50% On Average In August

Possibly, and the upcoming rumored Coinbase IPO could be the catalyst for the media blitz and investor FOMO that would be required to inflate any such bubble again.

The excitement from crypto, for the first time, would spill into the stock market and potentially pique the curiosity and interest of institutional investors at a higher rate.

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And with what happened with just retail coming in the last time around, the next crypto bubble could be a lot larger.

What Exactly Could VanEck’s Digital Asset Director Be Teasing Related To Bitcoin That’s Bigger?

It’s not just another bubble that could be bigger, but the digital asset director for VanEck Gabor Gurbacs has also been teasing something he says could be “bigger” than the Coinbase IPO. The self-proclaimed Bitcoiner was asked by the onlooking audience if it was what crypto investors from 2018 would have killed for at the time: a Bitcoin ETF.

Will be exciting. Also…something bigger than Coinbase is coming.;)

— Gabor Gurbacs (@gaborgurbacs) September 11, 2020

During the bear market, nearly every high was matched with peak ETF speculation, followed by a denial and drop in prices. In 2019, the narrative turned to Bakkt. This year, there’s no magic savior for the crypto market needed–it is doing just fine.

DeFi is booming and more sustainable than the ICO trend. Bitcoin’s above $10,000, and there’s so much positive going on in the space. The dollar is in trouble for the first time ever, and the world is moving towards an all-digital daily life.

Related Reading | Why A Stock Market Listing For Coinbase Is Ultimately Ironic For Crypto

Whatever it may be bigger than Coinbase that Gurbacs is teasing, may not even matter, as the catalyst is Bitcoin and crypto itself–and its already here once again. Google Search terms, technicals, and just about all other signs also point to a new uptrend.

While whatever is coming is certainly exciting, no catalyst may be needed this time around with the current trajectory and momentum crypto has behind it.

Tags: bitcoinbtcbtcusdBTCUSDTcryptoxbtxbtusd
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter at @tonyspilotroBTC and feel free to drop me a line if you would like to work together.

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