{"id":226808,"date":"2021-04-14T20:40:00","date_gmt":"2021-04-14T17:40:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/coinbase-listing-is-cryptos-netscape-moment-says-mike-novogratz\/"},"modified":"2021-04-14T20:40:00","modified_gmt":"2021-04-14T17:40:00","slug":"coinbase-listing-is-cryptos-netscape-moment-says-mike-novogratz","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/coinbase-listing-is-cryptos-netscape-moment-says-mike-novogratz\/","title":{"rendered":"# Coinbase listing is crypto\u2019s &#8216;Netscape moment,&#8217; says Mike Novogratz"},"content":{"rendered":"<p>&#8220;<strong># Coinbase listing is crypto\u2019s &#8216;Netscape moment,&#8217; says Mike Novogratz  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvNjgzNTg5NTgtMTg5Ni00OGU2LTg1Y2YtZDczNWY5M2YzNGRlLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Galaxy Digital founder and CEO Mike Novogratz compared the listing of Coinbase&#8217;s shares on Nasdaq today to the dawn of a new age in the adoption of crypto.<\/p>\n<p>In an interview with CNBC\u2019s Squawk Box this morning, Novogratz <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SquawkCNBC\/status\/1382302872759586818\">called<\/a> the long-awaited initial public offering, or IPO, of the major cryptocurrency exchange\u2019s stock shares &#8220;the Netscape moment for the cryptocurrency economy.&#8221; The Galaxy Digital CEO was referring to the tech company behind one of the earliest Internet browsers \u2014 Netscape Navigator \u2014 whose stock price surged from $28 to $75 in its first day. <\/p>\n<p>\u201cThis is a really important day for the whole crypto world,\u201d said Novogratz referring to the Coinbase IPO. \u201cThis is saying \u2018this is an asset class, and it\u2019s an asset class that\u2019s here to stay.\u2019\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">&#8220;This is the netscape moment for the cryptocurrency economy,&#8221; says <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/novogratz?ref_src=twsrc%5Etfw\">@Novogratz<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24COIN&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$COIN<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/btc?src=hash&amp;ref_src=twsrc%5Etfw\">#btc<\/a>. &#8220;Institutions are going to come flooding into this space&#8211;$COIN is the first big marquee equity that mutual funds are going to say hey I can make my statement in crypto this way.&#8221; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/9YEODRKmiV\">pic.twitter.com\/9YEODRKmiV<\/a><\/p>\n<p>\u2014 Squawk Box (@SquawkCNBC) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SquawkCNBC\/status\/1382302872759586818?ref_src=twsrc%5Etfw\">April 14, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Netscape\u2019s IPO was in many ways the beginning of the Internet age, leading to significantly more interconnectivity among websites, faster connection speeds, and other innovations in tech. Novogratz seemed to be implying that the crypto industry would likely experience a surge in institutional adoption and greater awareness from the public at large:<\/p>\n<blockquote><p>&#8220;Institutions are going to come flooding into this space. We\u2019re seeing it every day. We\u2019re seeing it in Bitcoin, we\u2019re going to see it in the public equity markets. Coinbase is the first big marquee equity that mutual funds are going to say &#8216;hey, I can make my statement in crypto this way.'&#8221;<\/p><\/blockquote>\n<p>Some reports indicate that Coinbase\u2019s Class A shares, or COIN, will open at a price of $355, up from the $250 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nasdaq.com\/market-activity\/stocks\/coin\">referenced<\/a> on Nasdaq today. Should the stocks follow in Netscape\u2019s footsteps, the price would need to rise 167% at some point today, making one share of COIN worth roughly $593.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/coinbase-listing-is-crypto-s-netscape-moment-says-mike-novogratz\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Coinbase listing is crypto\u2019s &#8216;Netscape moment,&#8217; says Mike Novogratz &#8221; Galaxy Digital founder and CEO Mike Novogratz compared the listing of Coinbase&#8217;s shares on Nasdaq today to the dawn of a new age in the adoption of crypto. In an interview with CNBC\u2019s Squawk Box this morning, Novogratz called the long-awaited initial public offering,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":226809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvNjgzNTg5NTgtMTg5Ni00OGU2LTg1Y2YtZDczNWY5M2YzNGRlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74956,74860,76962,117,5007],"class_list":["post-226808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-coinbase","tag-cryptocurrency-exchange","tag-mike-novogratz","tag-business","tag-ipo"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/226808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=226808"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/226808\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/226809"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=226808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=226808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=226808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}