Lionel Laurent, Columnist

Coinbase Is Where Tesla and ARK Meet the FANGs

Is this another FANG stock, or is it a part of the Tesla-ARK-Bitcoin nexus?

April 15, 2021 at 1:15 PM UTC

Lionel Laurent is a Bloomberg Opinion columnist writing about the future of money and the future of Europe. Previously, he was a reporter for Reuters and Forbes.

Crypto fever.
Photographer: Michael Nagle/Bloomberg

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It feels like a sweeping narrative is needed to make sense of a world in which cryptocurrency exchange Coinbase Global Inc. is a publicly-listed company worth $86 billion (three times more than the exchange it’s listed on), one Bitcoin is worth more than $62,000 and a digital-art file is worth $69 million — all in the heat of a global health crisis.

Luckily for the perplexed, one already exists in the archives of Coinbase billionaire co-founder Brian Armstrong’s blog.