Through a direct listing on Wednesday, Coinbase was listed on the Nasdaq. It has been though from some quarters that the event ought have been met with more attention from banks, according to Anthony Scaramucci, Skybridge Founder.
According to Scaramucci, he said he was flabbergasted as there was no wake-up call at the banks as how it was for Netscape IPO in 1995 at Microsoft. In line with asset’s growth and technical framework, there will be great connection of Coinbase to Bitcoin, according to Scaramucci.
“Bill Gates thought the internet was a fad. He then realized what was happening with the Netscape IPO, and he deployed several billion dollars into an internet strategy which led to Explorer [Internet Explorer, Microsoft’s browser] and adapted and pivoted into it. I’m surprised the commercial banks, people like Jamie Dimon, aren’t pouring money into a clone of Coinbase.”