Coinbase's Secret Master Plan Revealed

Bullish for $COIN June 03, 2024 [WEBSITE]( | [UNSUBSCRIBE]( Analysts were blindsided by Coinbase’s earnings. Here’s why it’ll keep happening. Coinbase's Secret Master Plan Revealed CHRIS CAMPBELL Dear Reader, In a 2016 blog post titled "The Coinbase Secret Master Plan", CEO Brian Armstrong laid out an ambitious vision for turning Coinbase into the key platform for a new "open financial system". While much has changed in the crypto landscape since then, a closer analysis of Armstrong's four phase plan shows that the “master plan” hasn’t changed. And it’s pretty bullish for both crypto and $COIN. The Path to 1 Billion Users Armstrong split the evolution of crypto into four distinct phases. In the first phase, protocols (Bitcoin and Ethereum) emerged and people began to use them. In the second phase, Coinbase led the way in the United States by becoming a secure way to trade and store your bits. Phase three calls for building a "mass market interface" for crypto apps. At the time, Armstrong predicted this would look like an easy-to-use wallet that lowers the barrier to entry for average consumers. Coinbase built it. Coinbase Wallet is now the best browser wallet in crypto, allowing users to take custody of their crypto. (Coinbase can still charge you a small fee when you trade inside the wallet, so they’re making money regardless.) With over 100 million verified users and its spot as a leading fiat onramp, Coinbase has undoubtedly succeeded in the third phase. But it's the fourth phase that’s really going to make the difference. [ALERT: Billionaires Dumping]( Zuckerberg sold $1.2 billion of META…Bezos sold $8.5 billion of AMZN…Jamie Dimon sold $150 million of JPM…The Walton family of Walmart sold $1.5 billion of WMT…Which begs the question… Why is the “smart money” pulling out of the market right as retail investors are piling in? Well, that’s why Jim Rickards—former advisor to the Pentagon, The White House, and the CIA—has uploaded a new urgent warning for you. In it, he reveals a way to “opt-out” of this crazy market panic with an entirely different strategy that no one is talking about… And help you get in position for what’s coming next. [Click here to learn how to “opt-out” now.]( The JPMorgan of Crypto With the recent launch of Base, their layer-2 blockchain built on Ethereum, phase four is in full swing. The goal is to make interacting with crypto and decentralized apps radically easier for the average user. Just as the web browser brought the internet to the masses, Coinbase envisions Base as the mainstream gateway to the decentralized web. Reading between the lines, Coinbase's true end goal is not just to be a major crypto exchange, but THE global platform for all on-chain financial activity. The “JPMorgan of Crypto”. And I think it has a real shot. The Opportunity Consider: Coinbase reported an earnings per share (EPS) of $4.40, nearly nine times higher than some analysts expected, and a revenue of $1.6 billion, surpassing some forecasts by $500 million. Wall Street analysts consistently underestimate the potential of Coinbase for one simple reason. They wildly underestimated the rapid adoption of crypto, especially new innovations like Layer 2 solutions (Base) and the expanding use of stablecoins. They didn’t account for: - Transaction revenue shot up, which hit approximately $1 billion. - Transactions from Base, which generated $56 million. - Stablecoin-related revenue, which reached $200 million, largely due to increased USDC usage. - Blockchain rewards revenue (from staking mostly) came in at $150 million, boosted by rising Ethereum prices. This will keep happening. And, of course, it presents a MASSIVE opportunity. In fact… In the coming weeks and months, one unexpected sector might drive Coinbase’s short-term success in ways few will see coming: Two words: Meme coins. More on that later this week. Tomorrow, we’ve got a special announcement -- and a secret phone call. Stay tuned. Until next time, Chris Campbell For Altucher Confidential Rate this email Like Dislike Thanks for rating this content! Looks like something went wrong. Please try to rate again. [Urgent Notice About Your Access]( We just announced a massive new change to Altucher’s Investment Network, and as one of our loyal readers, we want to make sure you know what’s going on. [Click here]( secure your access now. You Might be Interested in... [Two AI investing traps to avoid.]( [Bidens Executive Order 14067 ominous for Americans]( [Nvidia Surges: This AI Chip Stock Could Beat It]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2024 Paradigm Press, LLC. 1001 Cathedral Street, Baltimore, MD 21201. 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