Episode Details

Bitcoin Is Worth Over $1 Trillion. How Much Will Coinbase’s New cbBTC Grab? - Ep. 703
9/13/2024
Unchained

Key Insights

Bullish:

  • 🟢 $CBBTC - Coinbase's CBBTC is expected to unlock significant value in Bitcoin and drive innovation in on-chain applications, benefiting Coinbase and the broader crypto ecosystem.
    • There is so much Bitcoin. There's so much value tied up in that Bitcoin and the the power of this latent user demand being able to be sort of unleashed in this way very directly onto on chain applications, we think is going to, lead to a ton of innovation, and that that is ultimately great for Coinbase.” - Will (0:00)
    • We saw an opportunity with CB BTC to put all of that existing Bitcoin or as much of it as our users want into contact with all the innovation that's happening on these smart contract chains.” - Will (4:00)
    • We think giving them this option being the easiest way for people who want to to get more utility out of their Bitcoin, that is the the real difference that we bring into this space, that trust, that safety, and that existing user base and asset base that can be brought to bear.” - Will (6:03)
  • 🟢 $BASE - 🔒
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  • 🟢 $COIN - 🔒
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  • 🟢 $DEFI - 🔒
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