By Tyler S - Crypto Investor - 08/04/2021
Palihapitiya, the billionaire businessman and Virgin Galactic chairman, recently said in a series of tweets that he had the opportunity to begin investing in cryptocurrency exchange platforms many years ago. Although he had the ability to buy a portion of the company when it was pursuing early funding, he declined because he believed it was much more necessary and fitting to own Bitcoin directly. As a result, he preferred to buy Bitcoin (BTC) units rather than obtaining a portion of Coinbase shares, a move he now regrets.
According to its own statements, Coinbase is now worth nearly $70 billion and has launched many profitable companies by expanding out or investing in early start-ups. The business is regarded as one of the largest and most important to emerge from the crypto industry, and it appears that the firm is about to grow even larger as a result of its upcoming public listing. In any case, being an early participant in the platform would have benefited us all.
To this day, the billionaire has yet to sell his cryptocurrency. He continues to advocate owning units of the world's number one digital currency by market value, while acknowledging that owning stock in Bitcoin-based businesses could equally benefit investors.
Though Coinbase is not the biggest cryptocurrency trading platform on the planet, it remains central to the space. The company posted overall sales of approximately $1.8 billion for the first quarter of 2021, making the previous three months some of the most successful in the company's history.