, the price of Bitcoin has more than tripled in just over four months. As Coinbase goes public, some investors are worried that more conservative institutions will opt for Coinbase instead of Bitcoin as a proxy for crypto exposure.
Many Bitcoin investors had expected the digital token to fetch a new high based on the momentum and bullish sentiment around Coinbase's direct listing, but Wu said it doesn't really matter whether Bitcoin reaches $60,000 or $70,000 next month. "I personally think if we see a correction in price, it will be a great sign for the industry, because then it gives more room for the institutional investors," he said."For them, it may not be about the price either, it'll be about how they can get liquidity."
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Crypto='Hi I have nothing. How much would you pay for it?'
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