Coinbase, a leading cryptocurrency exchange, is missing out on a crucial opportunity by not investing in Bitcoin. This decision is causing them to embarrass themselves in the eyes of many in the cryptocurrency community. Bitcoin, the original and most well-known cryptocurrency, has been experiencing significant growth and adoption in recent years. Despite this, Coinbase has not added Bitcoin to its own portfolio.
By choosing not to buy Bitcoin, Coinbase is not only missing out on potential profits but also failing to show confidence in the very asset that has helped them become a prominent player in the industry. Many see this as a strange and concerning move, considering Bitcoin’s proven track record and continued relevance in the market.
Some believe that Coinbase’s reluctance to invest in Bitcoin may be due to regulatory concerns or internal disagreements. However, this hesitancy is causing them to lose credibility and respect among their users and the larger cryptocurrency community.
In order to regain trust and stay competitive in the rapidly evolving cryptocurrency landscape, Coinbase should seriously consider adding Bitcoin to their holdings. Failure to do so may result in further embarrassment and missed opportunities for the exchange.